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Affluent Christian Investor | August 18, 2019

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AboutJohn Tamny, Author at Affluent Christian Investor

John Tamny

John Tamny

John Tamny is a Forbes contributor, Director of the Center for Economic Freedom at FreedomWorks, editor of RealClearMarkets, and a senior economic adviser to Toreador Research & Trading. He’s the author of "Who Needs the Fed?" (Encounter 2016), along with "Popular Economics" (Regnery, 2015).

Posts By John Tamny

August 12, 2019 |

Someone Should Remind Trump That Investment Powers All Economic Growth

“Inflation is a tax on money, wealth creation, income, and work effort. Inflation is a devastating tax on savings. But low inflation is a tax cut. By enhancing the value of financial assets, price stability rewards patient savers and investors. … Read More

July 23, 2019 |

WSJ’s Greg Ip’s Version Of The Gold Standard Isn’t The Gold Standard

Who knows when exactly, but sometime a few millennia ago people began to specialize. Simplified, some produced wheat, some hunted for meat, and others grew corn. That’s when money came into the picture.

Not a creation of the state, money … Read More

July 2, 2019 |

Trump Is Talking The Dollar — And The U.S. Economy — Into Decline

Have you ever noticed that old people tend to shrink during their golden years? It’s not so much that we’re growing in height as old people are losing theirs.

This physical truth is worth keeping in mind for readers … Read More

June 24, 2019 |

Is A ‘Tight’ Federal Reserve The Cause Of Buffalo, NY’s Malaise?

Buffalo, New York is seemingly the picture definition of “rust belt.” Once extraordinarily prosperous (Goldman Sachs used to have an office there), the industries that lifted it long ago are no longer relevant. We generally only hear about it during … Read More

June 3, 2019 |

Conservative Arguments Against Huawei Contradict What Conservatives Used To Believe

“Fail often to succeed faster” is accepted wisdom in Silicon Valley. Failure is the path to success simply because it produces the information that makes success possible. At Valley movie eminence Pixar, they rush to their problems. Basically they frontload … Read More

May 20, 2019 |

If Inequality Worries Ray Dalio, Then He Should Dial Up His Investment Risk

“Fortunes cannot grow; someone has to increase them. For this the successful activity of an entrepreneur is needed. The capital reproduces itself, bears fruit and increases only so long as successful and lucky investment endures.” – Ludwig von Mises, Socialism, p. 340

Read More

March 13, 2019 |

What This Washington Post Journalist Learned After 544 Days In An Iranian Prison

“Jason, I want to have a baby.” Those were the words of Bloomberg reporter Yeganeh (Yegi) Rezaian to her husband Jason Rezaian (“So do I” in response), Tehran bureau chief for the Washington Post, after their July 2014 arrest in Iran on false … Read More

February 18, 2019 |

The Flamboyant Absurdity Of ‘Modern Monetary Theory’

“Money does not pay for anything, never has, never will. It is an economic axiom as old as the hills that goods and services can be paid for only with good and services.” – Albert Jay Nock

In a very … Read More

January 17, 2019 |

No, NY Times, A Government Shutdown Won’t Shrink Economic Growth

While some readers of this column are perhaps already familiar with this historical anecdote, it’s worth repeating every now and then that as recently as the year 2000, the state of Ohio had more paved roads than all of Russia … Read More

January 4, 2019 |

Stop Blaming Memphis’s Sad Present On Its Tragic Past

“Driving to my hotel, however, I saw only darkness. Vast sections of the city were total liquid black.” The city “was made largely of wood, so the bombs set off a hurricane of fire. Some three hundred thousand people were … Read More

December 21, 2018 |

It’s Not ‘Woke’ For Corporations To Dismiss What Leads To Food Abundance

Country singer Glenn Campbell died rich and very famous in Nashville in 2017. Both his wealth and fame would have been hard to fathom in consideration of his formative years in Billstown, Arkansas.

Campbell’s early life was marked by … Read More

December 19, 2018 |

Facebook Is Under Attack For Profiting While Improving Businesses

In Human Action, Austrian School eminence Ludwig von Mises calmly observed that in the business world, the businessman who fails to use his capital to the “best possible satisfaction of consumers” is “relegated to a place in which his ineptitude no … Read More

December 17, 2018 |

“You Just Pay For It”: How Trump And Ocasio-Cortez Think Alike

 

“Obama had zero interest to worry about; we’re paying interest, a lot of interest.”

– President Donald J. Trump, on the Fed’s interest-rate increases.

“You just pay for it.”

– Alexandria Ocasio-Cortez, on how to finance Medicare for … Read More

November 29, 2018 |

Russia Facebook ‘Meddling’ That Tilted Election Toward Trump Is Birtherism, Democrat Edition

Last month Forbes released its annual Forbes 400 list of richest Americans. As readers can probably imagine, there are countless 400 members who grew incredibly well-to-do thanks to their technological innovations, product genius, through their keen investing skills, heirs are prominent too, and then there are … Read More

November 21, 2018 |

Why My Thanksgiving Feast Will Be Cheaper And Healthier Than Your Organic Meal

Thanksgiving is upon us, which means families across the U.S. will soon be enjoying the most mouth-watering of meals. This #1 gathering of food and family is a celebration of the early American settlers’ creation of plenty against long odds … Read More

October 25, 2018 |

With His Paranoid Attack On China, Mike Pence Attacked U.S. Prosperity

U.S. equities took a bit of a hit at the end of last week. And while it’s always a fool’s errand to presume to know what brought on a reversal in the world’s deepest markets, it’s worth considering the … Read More

September 18, 2018 |

Don’t Let The Alarmists Fool You, Millennials Don’t Think Socialism Is ‘Cool’

Last year, accounting firm Ernst & Young (E&Y) boosted paternity leave from six to sixteen weeks.  And while it’s possible the company has abnormally kind management, the feelings that may or may not have informed the development were really immaterial.

Figure … Read More

September 11, 2018 |

Don’t Be Fooled, There Was Nothing ‘Financial’ About The 2008 Crisis

The 10-year anniversary of the 2008 financial crisis has unsurprisingly unearthed all manner of retrospectives on what happened, why it happened, and how what happened can be avoided in the future.  Most don’t ring true.  This essay will correct some … Read More

July 26, 2018 |

Let’s Be Blunt: Internet Sales Taxes Are Economy-Sapping Domestic Tariffs

Just curious, but if a Washington, D.C. resident buys a pack of cigarettes in Arlington, VA, should this person pay a sales tax to the District of Columbia? Figure that cigarettes cost roughly $5.25/pack in Virginia versus $7.99 in D.C. … Read More

July 9, 2018 |

Record Tax Revenues Under Trump

Washington State University’s athletics department currently has a budget deficit of $67 million.  Cal-Berkeley’s department is similarly in serious debt, as are those of many other Power Five institutions.

Where it might get interesting is that the debt faced by … Read More

February 15, 2017 |

Sorry Envious Left, ‘Trickle-Down’ Economics Is Real, And It’s Everywhere

The late, great Cuban immigrant Roberto Goizueta was named CEO of the Coca-Cola Company in August of 1980, and ran it until his untimely death from cancer in October of 1997.  During that time, and according to a 1997 essay … Read More

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