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Home / Tag Archives: Carpe Diem

Tag Archives: Carpe Diem

Quotation of the day on how the neo-Marxist harassment-industrial complex is out of control….. – Publications – AEI

AEI Quotation of the day on how the neo-Marxist harassment-industrial complex is out of control….. ….. is from Abigail Shirer’s Wall Street Journal op-ed “Hillary Clinton Is Right—Her Husband’s Affair Was No ‘Abuse’“: Mrs. Clinton was right: Monica Lewinsky was technically an adult at the time of the infamous affair with Mr. Clinton in 1995-96. She was also old enough to know what she wanted and to be held accountable for it. What she wanted—very much, it...

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In 1962, Milton Friedman made the case for unilateral free trade as the best and fastest path to economic prosperity – Publications – AEI

AEI In 1962, Milton Friedman made the case for unilateral free trade as the best and fastest path to economic prosperity In Milton Friedman’s 1962 classic book Capitalism and Freedom, Friedman makes the case for unilateral free trade as a path to greater prosperity and freedom, regardless of what path our trading partners take: Given that we should move to free-trade, how should we do so? The method that we have tried to adopt is reciprocal negotiation of tariff reductions with other...

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Some economic lessons about trade for Donald Trump from Milton Friedman and Henry George – Publications – AEI

AEI Some economic lessons about trade for Donald Trump from Milton Friedman and Henry George In the video above Donald Trump’s uninformed, economically illiterate, and childlike views on international trade and trade policy are contrasted with Milton Friedman’s informed, economically sophisticated and mature views on trade. Toward the end of the video, Milton Friedman paraphrases what he considers to be the best argument he’s ever heard for free trade, from 19th century...

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Trade proverb: Two protectionist abuses/wrongs don’t sum to one right…. they sum to two abuses/wrongs – Publications – AEI

AEI Trade proverb: Two protectionist abuses/wrongs don’t sum to one right…. they sum to two abuses/wrongs That’s what we learn from Don Boudreaux, who responds to the frequent, but unfounded and false claim that it is ethical for Uncle Sam to impose tariffs on Americans “because of the chance that US tariffs would force other countries to cut theirs – meaning we’d be freer then to trade with other people:” The US government acts unethically whenever it, in order to pressure...

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More evidence that it’s really hard to ‘beat the market’ over time, 95% of finance professionals can’t do it – Publications – AEI

AEI More evidence that it’s really hard to ‘beat the market’ over time, 95% of finance professionals can’t do it S&P Dow Jones Indices, the “de facto scorekeeper of the active versus passive investing debate,” just released its SPIVA U.S. Mid-Year 2018 report (see other reports here for Europe, Latin America, Canada, Australia, India, Japan, etc.). Here’s an overview of the SPIVA Scorecard: There is nothing novel about the index versus active debate. It has been a...

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The Hillsdale solution for Harvard: Give up federal money and run admissions the way you want – Publications – AEI

AEI The Hillsdale solution for Harvard: Give up federal money and run admissions the way you want From the Wall Street Journal op-ed by William McGurn “What Hillsdale Can Teach Harvard” about the charges that Harvard discriminates against Asian-Americans in admissions the same way it once discriminated against Jews, largely because of Asian-Americans are so successful academically compared to other ethnic groups — see chart above of the large and growing Asian SAT Math Test...

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How free market capitalism often acts as a solvent for racism and discrimination – Publications – AEI

AEI How free market capitalism often acts as a solvent for racism and discrimination From today’s Washington Post article “Sears’s ‘radical’ past: How mail-order catalogues subverted the racial hierarchy of Jim Crow“: A lesser-known aspect of Sears’s 125-year history, however, is how the company revolutionized rural black Southerners’ shopping patterns in the late 19th century, subverting racial hierarchies by allowing them to make purchases by mail or over the phone and...

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How San Francisco’s $15-an-hour minimum wage law is exacerbating homelessness – Publications – AEI

AEI How San Francisco’s $15-an-hour minimum wage law is exacerbating homelessness Allan Stevo explains in the City Journal article “Minimum Wage, Maximum Waste” San Francisco’s central business corridor, down Market Street and adjacent streets, is a testament to the failures of the mandatory minimum wage. In these buildings, growing companies are eager for labor, some of it unskilled. Outside, people down on their luck, out of work, and in need of stability are camped out, doing...

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The best sentence I read today…. – Publications – AEI

AEI The best sentence I read today…. … is from Richard Epstein’s August 6, 2018 article for the Hoover Institution “Harvard Asian Exclusion“: As a matter of sheer logic, any admissions protocol that is not race-neutral on its face engages in intentional discrimination, for it is not possible to favor some groups in the admissions process without disfavoring others. Here’s more from Epstein: Harvard and its supporters at peer universities “speak with one...

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