Morning Reading

A few articles you may have missed this week that are worth your time - Grant Williams penned "Passive Regression" on the rise of passive investing and the dangers inherent. Evelyn Chang compared the bitcoin bubble to tulip mania. David Stockman wrote "The Imperial...

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But I Have No Choice

A common refrain, for almost any subject related to human behavior, is “I have no choice, this is all I can do.” Of course when that choice is removed people always figure out something else to do despite the prior protest that they ‘had no choice’. The situation...

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Quote Of The Day

Quote of the Day: "It seems to me that socialists today can preserve their position in academic economics merely by the pretense that the differences are entirely moral questions about which science cannot decide.” - Friedrich August von Hayek

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Stop Helping Us

"Four things have almost invariably followed the imposition of controls to keep prices below the level they would reach under supply and demand in a free market: (1) increased use of the product or service whose price is controlled, (2) Reduced supply of the same...

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