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Jamie Dimon 2020 JP Morgan Chase Letter

Over the weekend I got a chance to catch up with Jamie Dimon's shareholder letter for 2020. There's a lot there, and I don't agree with all of it, but there was a significant amount of good sense, especially the emphasis on economic growth. My favorite nuggets: Democrats should acknowledge Republicans' legitimate concerns that money sent to Washington often ends up in large wasteful programs, ultimately offering little value to local ...

Why the Captain of the Ever Given Should Get a Medal | Tom G. Palmer

What a brilliant achievement! Supply chains repatriated. Trade deficits cut. Predatory trade reduced. A massive 1,312 foot-long container ship, the Ever Given, did with its enormous bulk what mere laws had failed to do: it blocked the flow of goods, many of which were intended to be brought to the United States. It did so by running aground in the Suez Canal, through which roughly 30% of global shipping container volume passes every year. It ...

Opinion | Down With Big Business, Again

The woke left turn of much of corporate America has us thinking about a long-ago Journal headline: Down With Big Business. That header atop a 1979 editorial came in a decade, like this one, when prominent companies were accommodating an aggressive expansion of government to political applause. The editorial noted how big companies like GM were signing up for new and costly regulation during the Carter years, much as its CEO had endorsed ...

Jamie Dimon 2020 JP Morgan Chase Letter :: The Future of Capitalism

Over the weekend I got a chance to catch up with Jamie Dimon's shareholder letter for 2020. There's a lot there, and I don't agree with all of it, but there was a significant amount of good sense, especially the emphasis on economic growth. My favorite nuggets: Democrats should acknowledge Republicans' legitimate concerns that money sent to Washington often ends up in large wasteful programs, ultimately offering little value to local ...

A 75-Year-Old Warning about Those Who Say ‘Listen to the Science’

On his first day as president, Joe Biden, flanked by a portrait of Ben Franklin, called on the federal government to “advance environmental justice” and “be guided by the best science.” In many ways, Biden’s words came as no surprise. Throughout the 2020 campaign and after, Biden had often repeated the phrases “listen to the science” and “I believe in science,” presumably to contrast himself with his opponent. Biden didn’t ...

‎Words & Numbers: Episode 217: Who Is Paying Their Fair Share? on Apple Podcasts

First Person Plural: EI & Beyond Key Step Media, Daniel Goleman, Hanuman Goleman

Jamie Dimon 2020 JP Morgan Chase Letter

Over the weekend I got a chance to catch up with Jamie Dimon's shareholder letter for 2020. There's a lot there, and I don't agree with all of it, but there was a significant amount of good sense, especially the emphasis on economic growth. My favorite

Why the Captain of the Ever Given Should Get a Medal

What a brilliant achievement! Supply chains repatriated. Trade deficits cut. Predatory trade reduced. A massive 1,312 foot-long container ship, the Ever Given, did with its enormous bulk what mere laws had failed to do: it blocked the flow of goods, many of which were intended to be brought to the United States. It did so by running aground in the Suez Canal, through which roughly 30% of global shipping container volume passes every year. It ...

Covid’s Vindication of Free Movement-AIER

A bit over one year ago, leaders the world over closed their borders in the name of disease transmission mitigation. Some did so in what was an extension of policies enacted earlier, and others did so for the first time in generations. And more than a year after those initial measures were implemented, some countries remain committed to closure: in all ways and at all costs. The Covid pandemic enticed governments to do far more than just ...

“Money Lessons with Rhonda Schaffler” Entrepreneurship T.K. Coleman on Vimeo

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Meet the Entrepreneur Who Singlehandedly Saved Thailand's Silk Industry—and Then Vanished

Keith Joseph (1918-1994), member of the British Parliament who served in the Cabinets of three Prime Ministers, was one of Margaret Thatcher’s closest friends and advisors. In 1986 he wrote these two sentences that now provide me with the perfect opening for this article: The entrepreneur is the person who seeks to identify what consumers, at home or abroad or both, want and would be willing to buy at a profitable price. These entrepreneurs ...

Entrepreneurship Is for Everybody | Dan Sanchez

You are the CEO of “You, Inc.” Entrepreneurship is for everybody. That may strike you as an exaggeration. “Surely not everyone is cut out to be an entrepreneur. It takes a certain kind of person to launch and run a business. Most people are better suited to earn their livings as employees.” This formulation of entrepreneurship is far too narrow. Everyone is the sole proprietor of an enterprise: namely your own career. You are the CEO ...

Henderson on Good and Bad Inequality

My Policy Ed video for the Hoover Institution’s PolicyEd video series is out. Here it is on YouTube. A summary of the 4-minute video: Both good and bad income inequality exist. Good inequality comes from entrepreneurial innovation that improves the lives of consumers, even if the inventor gets wealthy. On the other hand, using political muscle to get rich leads to bad inequality, as it comes at the expense of consumers. It is vital to have ...

True Environmentalists Should Prioritize Economic Prosperity - HumanProgress

The COVID-19 pandemic and the accompanying lockdowns reduced global CO2 emissions by 7 percent last year. Some environmentalists, such as the University College London professor Mariana Mazzucato, have thus wondered about the feasibility of future “climate lockdowns … to tackle a climate emergency.” Yet even if we ignore the negative consequences of the lockdowns on broader health outcomes and human psychology, Mazzucato appears to fail ...

The Poetry of Work

“Poetry of work” is worth pursuing. It gives us purpose—and it gives us happiness.

3 Post-War Innovations That Liberated Women

Hint: each is tied to the market economy and freedom.

I, Pencil - Competitive Enterprise Institute

In November 2012, the Competitive Enterprise Institute (CEI) released I, Pencil: The Movie, an animated short film adapted from the 1958 essay by Leonard E. Read, founder of the Foundation for Economic Education. CEI’s I, Pencil film and extended commentary series, featuring Larry Reed, Deirdre McCloskey, Art Carden, and Walter Williams is available online here. Awards | Resources | Media | Reviews The Story of I, Pencil Do you ...

Freedom of choice is foundational to poverty relief

This essay won second place in the essay contest of the Acton Institute’s 2020 Poverty Cure Summit, which took place on Nov. 18-19, 2020. The author will receive a $3,000 prize. Continue Reading... Related posts: Conference on Poverty Co-Hosted by Acton Institute and Saint Vladimir’s Orthodox Theological Seminary Acton Institute’s ‘Poverty Inc.’ Wins Templeton Freedom Award Economic Freedom Brings Freedom from Poverty

Why the economy is not a zero-sum game: a simple explanation

What do these two statements have in common: “Poverty is caused by overpopulation,” and “The rich get richer only as the poor get poorer”? Answer: They both inaccurately presuppose the economy is a zero-sum game. Continue Reading... Related posts: Profits and an ‘economy of mutuality’ Why economic exchange need not be a zero-sum game The Kirchnerian Economy

Free Markets and Tolerance: Make More Stuff I Don’t Like, Please!

The other day I told my Facebook friends that my current favorite thing is when the Spring collections from fashion designers come out and they’re full of edgy, wild, often gender bending designs (especially this year in the men’s collections–because Billy Porter) and dads everywhere repost the runway images and declare with outrage that they won’t be buying any of THIS nonsense. Do they really mean to suggest that if the clothing had ...

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Is life today bad? Or is it awesome? “Economics Made the World Great” shows changes that have taken place in the past three centuries that have made the world better. Can it be better still?

Jon Favreau’s heartwarming 2014 independent film, “Chef”, is a case study in entrepreneurial value creation. Even better, it shows us how we can achieve economic success and personal fulfillment simultaneously, provided that we figure out how to take our passions and turn them towards making other people’s lives better.

Magatte Wade was born in Senegal but spent much of her childhood in France. Growing up, she saw the extreme differences in wealth between Africa and Europe. This disparity sparked a question… Why are some countries rich, and others poor?

How do we summarize the 2010s? Many think it was an awful decade, ten years of horror, unfair distribution and environmental disaster.

It’s a Wonderful Loaf is an ode to the hidden harmony that is all around us–the seeming magical ways that we anticipate and meet the needs of each other without anyone being in charge.