Congress Funds Infrastructure the Dumbest Way Possible
Writing in Fortune in January 2004, my View colleague Justin Fox wrote that the Interstate System… “was heralded as the...
Global Financial Literacy
This chart and the accompanying discussion is amazing: Financial knowledge seems to be gained only through pain and bad...
Seattle. Chicago. Los Angeles. Min Wage Lies Travel.
@TBPInvictus here The AEI’s Mark Perry has taken his nonsense – his Lies About Geography and Minimum Wage Tour – on...
A Brief Word to Forecasters: STFU!
My Sunday Washington Post Business Section column is out. This morning, we look at the annual forecasting foolishness so...
AEI Dissembling Continues Apace on Seattle Min Wage
@TBPInvictus here The City of Seattle’s minimum wage is now $11, going up to $15 for some employers by 2020. Mark Perry has posted...
Lying About Geography and Minimum Wage
@TBPInvictus here As those who have been following along already know, Seattle has been ground zero for the minimum wage battle, having...
The Grinch Will Set you Straight About Holiday Retail Sales
Thanksgiving is next week. Along with the family and turkey and fixin’s comes the annual — and historically terrible —...
Uneven Recovery, Noise & Ignorance: Why People Missed the...
View Why So Many Hate This Recovery There are three main reasons for the pessimism. Bloomberg, November 16, 2015. \There...
The Long (Behavioral) History of Long Yields
I love this long term chart via Ben Carlson looking at the various behavioral issues that arise around every major Treasury peak over...
Hedge Funds Cost Pensions $15 Billion in Lost Opportunities
A new report poses an interesting question: “Would public pension funds have fared better if they had never invested in hedge funds...