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Perception is reality. . .

Posted: March 24, 2017 at 3:43 pm   /   Friends

(Paul Mirengoff) for a few weeks. Then, something happens and perception changes. I agree with John that the failure of the House to pass Obamacare replacement legislation this week doesn’t necessarily mean GOP House members won’t be able to pass important legislation on other fronts. Health care legislation represents a special challenge because it is […]

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Per Bylund: Who Built That?

Posted: March 24, 2017 at 3:00 pm   /   Friends

By: Per Bylund, Jeff Deist Our guest this week is Professor Per Bylund, a man who studies entrepreneurship for a living. Why is the role of the entrepreneur—the individual who risks capital, time, and energy to build a business—almost completely disregarded by most economists? Does the Austrian focus on individual human action explain why business […]

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Israeli Teenager Who Threatened Jewish Institutions May Have Been Paid By Foreign Governments

Posted: March 24, 2017 at 2:01 pm   /   Friends

(John Hinderaker) There has been a lot of concern about a recent rash of bomb threats against Jewish community centers in the U.S., numbering in the hundreds. Many have interpreted these threats as a sign of rising anti-Semitism, but it turns out that they may all have been made by a 19-year-old with dual American […]

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House Leadership Pulls Health Care Bill

Posted: March 24, 2017 at 1:29 pm   /   Friends

(John Hinderaker) It became apparent this afternoon that the health care bill promoted by Republican leadership in the House did not have enough votes to pass, and the bill was pulled by Speaker Paul Ryan, despite President Trump’s earlier insistence that a vote be held. Based on the Washington Post’s account, it appears that Trump […]

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Speaker Ryan’s Remarks from Today’s Press Conference

Posted: March 24, 2017 at 1:23 pm   /   Friends

WASHINGTON—Today, House Speaker Paul Ryan (R-WI) delivered the following remarks on the American Health Care Act:  “You’ve all heard me say this before: Moving from an opposition party to a governing party comes with growing pains. And well, we’re feeling those growing pains today. “We came really close today, but we came up short. I […]

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Fed Financial Statements: $6 Billion Drop in Fed Remittances

Posted: March 24, 2017 at 12:15 pm   /   Friends

By: C.Jay Engel As the Fed continues to increase the rate of interest it pays on excess reserves, the Fed’s profits that are left over are slowly going to shrink in size. Since the Fed sends its profits to the US Treasury each year, the US Treasury will be receiving less. The Wall Street Journal reported on […]

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Georgetown fires John Thompson III

Posted: March 24, 2017 at 11:44 am   /   Friends

(Paul Mirengoff) After 13 seasons as the coach of Georgetown’s basketball team, John Thompson III is out. Firing JT3 was a big call, considering his father’s stature at the school. John Thompson, Jr. took a middling, at best, basketball program — one that in a good year might get an NIT invite — to the […]

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Our Quasi-Soviet Fiscal Policy

Posted: March 24, 2017 at 11:15 am   /   Friends

“It’s like deja vu all over again.” Do Yogi Berra‘s words of wisdom apply to the “new” trillion dollar “public infrastructure” program? The last program, still unpaid, focused on “shovel-ready” projects but somehow missed most potholes. Meanwhile, private companies are prepared to spend $100’s of billions on a new fiber optic internet super highway. Is […]

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Harry’s Had the Best Response to Corporate Bullying

Posted: March 24, 2017 at 10:30 am   /   Friends

[Editor’s note: Wouldn’t it be wonderful if all corporate disputes were handled this way rather than resorting to the weaponry of courts, laws, and government. Here we had a clear case of falsely negative advertising. It was resolved peacefully with some degree of wit and elan. Go Harry’s!] Full disclosure: I work at Harry’s. My […]

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