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Is Christmas Inefficient?

Authored by Jeffrey Tucker via The Mises Institute, After hundreds of years of attacks on Christmas, economists have finally gotten into the act. Yale University’s Joel Waldfogel, writing in the American Economic Review, condemns what he calls “The Deadweight Loss of Christmas.” Once you cut through the calculus and graphs, his conclusion is clear: though Christmas […]

Putin Holds Surprise Meeting With Assad, Will Call Trump By Phone Later Tuesday

One day before meeting with the leaders of Iran and Turkey in the Black Sea resort of Sochi, Russian President Vladimir Putin held a surprise meeting with his Syrian counterpart, Bashar al-Assad, kicking off a diplomatic drive this week to outline the terms of an end to the Middle Eastern country’s bloody civil war. The […]

Yellen Confirms She Will Step Down When New Fed Chair Sworn In

Federal Reserve Chair Janet Yellen says she will step down once her successor is sworn into the office, resolving a key question as to whether she would stay on in a diminished role. Yellen could technically stay on as a governor even after stepping down as the institution’s leader, because her term as governor does not […]

Yale’s Endowment CIO Has Some Really Bad News For Public Pensions…

Public pensions all around the country like to play a clever little game that allows them to drastically understate the current value of their future liabilities and therefore pretend that their ponzi schemes are something other than insolvent frauds.  Of course, we’re talking about the artificially high discount rates that pension boards consistently use to […]

Trump Blasts Bergdahl Decision – “A Complete And Total Disgrace”

Update: Right on cue, Trump has chimed in about a military judge's decision to spare Bowe Bergdahl from prison, calling it "a complete and total disgrace to our Country and to our Military."   The decision on Sergeant Bergdahl is a complete and total disgrace to our Country and to our Military. — Donald J. […]

Professor Says “Violent, Destructive” Protests Are Justified

Authored by Toni Airaksinen via CampusReform.org, A professor at Loyola Marymount University recently praised “violent or destructive demonstrations” for their ability to gain public attention. Stefan Bradley, a professor of African American Studies, argued in an essay titled “Civil Debate is Fine, Protest is Even Better” that because civil debate doesn’t “often yield just results,” […]

How To Survive And Thrive In A “Zlatan Ibrahimovic” Market

Authored by Daniel Nevins via FFWiley.com,   REPORTER: “Who will win the World Cup playoff?”   ZLATAN: “Only God knows who will go through.”   REPORTER: “It’s hard to ask him.”   ZLATAN: “You’re talking to him.”    REPORTER: “What did you get your wife for her birthday?”   ZLATAN: “Nothing. She already has Zlatan.”  […]

Mnuchin Rejects Call From Yale Classmates To Resign, Defends Trump

In a long statement issued by the Treasury Secretary, Steven Mnuchin rejected and pushed back against an urging from his former classmates at Yale University that he resign from Donald Trump’s cabinet, while defending the president’s response to last weekend’s deadly protests in Charlottesville, Virginia. The statement was in response to a letter posted online […]