Mar 18, 2019
The same Trump critics constantly assuring us that he is an ineffective fool manage simultaneously to ascribe to him the mysterious, even miraculous power of controlling the actions of federal bureaucrats during the prior administration.
Mar 11, 2019
Our current system is sufficiently mixed that when someone tries to credit capitalism for our present prosperity, it’s inevitably pointed out that businesses and employees have benefited from government programs.
Feb 25, 2019
One of the most useful aspects of this year’s Berkshire Hathaway shareholder letter is the concrete and specific way that Buffett explained how the tax cut makes companies worth more to their shareholders.
Feb 19, 2019
We’re not particularly eager to take on all the world’s problems, but neither are we usually ready to cede that leading role to a global rival, or to stand by and do nothing at all as threats gather.
Feb 12, 2019
Warren’s rich-bashing also risks getting a bit awkward in a Democratic Party where the governor of Illinois is Hyatt hotel heir J.B. Pritzker and the governor of Connecticut is J.P. Morgan banking heir Ned Lamont.
Feb 4, 2019
Rather than be impressed by the genius or excellence that led to the business success or the accumulation of wealth, there’s an impulse to attack the outcome as evidence of some sort of flaw in the system.
Jan 28, 2019
One might ask, skeptically, whether people will really stop working as hard, and if the supermarket shelves will really go bare, if the financial rewards of capitalist success were to top out at $900 million rather than $1 billion or $100 billion.
Jan 22, 2019
It’d be like writing a story about McDonald’s genius Ray Kroc saying he could have been even richer if he had sold Big Macs for $10 rather than at lower prices.