Advanced new facial recognition software and hardware is making use of the technologies available in all sorts of new ways. Facial recognition is popping up everywhere. If you’ve been travelling overseas lately you may have come home to facial scans at Customs and Border Patrol. And if you’re using any social media services, undoubtedly you’ve […]
Targeting the Rich with Taxes Tends to Hurt the Poor
Whenever Becky and our kids and I head down to the boatyard to take our 30 foot power boat out on the water for the day, we’re typically surrounded by the mega yachts inhabiting Newport’s docks during the season. Recently visitors to Newport could view Le Grand Bleu, one of the world’s largest private yachts out […]
Dan Mitchell Commenting on the DC Budget Fight
Rather than politely allowing Congress to raise the debt limit with no caveats, as they have so many times before, President Trump could use the debt limit increase as a way to force Congress to pass some reforms. Cato Institute senior fellow Dan Mitchell suggests a spending cap or entitlement reform as possible places Trump […]
Here’s Why Politicians Are Terrible at Running the Economy
At his always insightful blog, International Liberty, Dan Mitchell, a senior fellow at the Cato Institute, explains why the private sector will always be better at allocating resources and running the economy than the government. He writes: When I give speeches about the economic case for small government, one of my main points is that people […]
Can a Constitutional Convention Save America from Itself?
Follow politics long enough and you’ll see that every problem comes down to a different view or interpretation of the Constitution. Gun rights, abortion, NSA spying, treaties, entitlements, education,….even the mail. The reason so many Americans listed Supreme Court picks as the main reason they voted for Donald Trump is that the interpretation of the […]
Want to Live in a Free Market Island Paradise?
Given the political acrimony in America today, anyone can be forgiven if they fantasize about fleeing to an island paradise where their preferred philosophical version of government is in place. Increasingly, for free market advocates, New Zealand is looking like that paradise. Dan Mitchell writes that New Zealand’s free market reforms deserve praise, and that […]
Are We Measuring the Economy Wrong?
On his great blog, International Liberty, Dan Mitchell, a senior fellow at the Cato Institute, makes a great case for using Gross Domestic Income (GDI) as a measure of economic growth, rather than Gross Domestic Product, which is the mostly widely used measure today. Dan makes the point that in the long term, the two […]
Former New England Patriot Retires
Former New England Patriots defensive tackle Vince Wilfork, in announcing his retirement, will be hanging up his cleats. What’s next? His options are open. Check it out.
What You Missed Friday Night at the Newport Jazz Festival
The Newport Jazz Festival got the party started Friday night with Trombone Shorty and Orleans Avenue. Shorty, aka Troy Andrews, is the grandson of Jessie Hill who is known for the classic song “Ooh Poo Pah Doo.” Shorty closed his Newport show with a get up and dance version of his funk and soul sound with “Do To Me” […]
Richard Russell’s Rule #1
You need to have some will-power to stick to your guns in this stock market. No one said it was going to be easy. But to allow the magic of compound interest to work for you, you have to be patient. Here is one of the great lessons I love to read over and over […]
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