Future Consumption Will Make the Prosperous Present Seem Deprived by Comparison

At the beginning of a book (Economics In One Lesson) that way-too-many economists have plainly never read, a non-economist by the name of Henry Hazlitt observed that economics is “stalked by fallacy.”...

Silicon Valley’s Prosperous Existence Is the Surest Sign of the Fed’s Unctuous Irrelevance

A headline at Forbes.com last week indicated rising layoffs at Silicon Valley start-ups that are said to foretell a quiet summer for venture capitalists. On the same day, an A1 story in the Wall Stree...