Forbidding Happiness

Thomas Jefferson wrote “that all men … are endowed by their Creator with certain unalienable Rights, that among these are Life, Liberty and the pursuit of Happiness.” These are, indeed, unalienable (or inalienable, in modern spelling) rights, i.e....

Distortion Entitlement

We can understandably pity today’s New York City cab driver. His prosperity, and indeed his job itself, is under existential threat from the technology disruption of ride-sharing services Uber, Lyft, et al. This is even more the case if he owns his medallion....

Killing His Golden Goose

Earlier this month, Trump slipped a dagger between the ribs of the stock market, a market that had been riding high since his election, by confirming fears of a trade war with China. The market reacted as expected. A week ago, he signed the “omnibus”...

Trump’s Teeter Totter

Or – Never Get Involved In a Trade War With China In what could only have been predicted by… anybody, the stock market took a dump in response to Trump’s announcement of $60B worth of tariffs on Chinese goods, and the resultant fears of a brewing...