John Tamny

From its opening statement, the FTC revealed its total lack of a case against Meta. https://t.co/S38jvxWFDq

After humans, time is the most precious of all economic inputs. And Waymo's rollout will save time and money that saves more time and money in ways that substantially increase growth. Economists say growth not only causes prices to increase, but that falling prices are much worse

Monetarists imagine an ability to plan not just GDP, but prices, income, and employment. Obviously none can be planned, and if they could be there would be little economy to plan. From there, there's the matter of the global economy. Monetarists and Fed proponents more broadly

“Will Andersen’s father looked at a golf course and thought it should be a farm. Will looked at a farm and thought it should be a golf course.” That's from Ben Cohen in the Wall Street Journal. The golf course Will Andersen saw in Homer, NE of all places is now one of the most

With its antitrust attacks on Meta, the FTC is guilty of presentism in the worst way. Infected with former Chair Lina Khan's obnoxious view of the past via the present, FTC lawyer Daniel Matheson accuses Mark Zuckerberg of buying off the competition in 2012 with its $1 billion

In 2014, University of Cambridge economist Diane Coyle published GDP: A Brief But Affectionate History. It's a book economists would love precisely because it's so reverential about a worthless number that actually reveals more growth the more that government spends. Hazlitt was

From its opening statement the FTC wrecked its case against Meta. Let's end an antitrust lawsuit that insults reason now. https://t.co/S38jvxWFDq

If you missed Marc Benioff's op-ed in the Wall Street Journal from two weeks ago, it's very much worth reading and it's embedded in my write-up. As Cato co-founder Ed Crane put it, Benioff shows "the true nature of economic growth." And it's rooted not in what we're doing, but

RT @SteveForbesCEO: You don’t adjust gold for inflation—gold exposes inflation. It shows how gov. policies devalue the dollar. @johntamny p…

A major driver of 1980s prosperity was de-conglomeration as intrepid investors sold off underutilized companies errantly run by corporations. Facebook acquired Instagram and WhatsApp, only to run them brilliantly. Now the FTC wants to force a sale of both. Shameful.

Macroeconomics is a fraud. See so-called "trade deficits." How to argue about what doesn't exist? Microeconomics is the only economics because it's the individual, and individual trade balances by its very name. What doesn't exist is evidence of only one bullish thing: the best

⁦@rkylesmith⁩ is such a remarkable writer. To read his reviews and how he words them is to feel exhilarated and shrunken at the same time. What a review! https://t.co/RXbyGutKOf

Peter Baker and Susan Glasser's Kremlin Rising is twenty years old. It's about Russia after Boris Yeltsin and in the early years of Vladimir Putin. It's easy to forget how much past Administrations tried to be friendly with Putin. Even more surprising was how quickly many

The rich create all the jobs. We know this because the top 10% own 88% of public equities. So when Scott Bessent claims market corrections are a rich person's thing, while tariffs are a thing for the alleged working man, he's contradicting himself. He has to know this. The needs

In March of 2020 President Trump substituted himself for the knowledge-pregnant marketplace when his fear of a virus caused him to institute national lockdowns that rushed tens of millions of Americans into unemployment and impaired or bankrupted millions of businesses. Trump

Markets provide hindsight in real time. They're saying the Donald Trump tariffs won't be a positive, which is no insight and requires no lengthy op-ed about the horrors of autarky. Bill Ackman initially said we should give Trump a chance, but he now seems to be concluding what he

We work in order to get, and tariffs raise the cost of getting. They also slow the path to specialization that enables more getting. Government spending is the central planning of precious resources by politicians. Both are a tax, and both are awful. But as evidenced by both