Archive for David Schmidtz
Economic Mobility Is a Sham?
In “Why Decry the Wealth Gap?” (New York Times, January 24, 2000), W. Michael Cox and Richard Alm say the Federal Reserve Bank’s latest survey of consumer finances showed, in a nutshell, that the rich are getting richer and the poor are getting poorer. Cox and Alm’s response is: So what? High school dropouts average [...]
1Jul2000 | David Schmidtz | 2 comments | Continued-
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JPMorgan Chase and Casino Banking
JPMorgan Chase & Co., one of the nation’s leading banks, revealed in May that a London trader racked... Read More
Individualism, Trade-Unions, and “Self-Governing Combinations”
Who do you imagine said this? “[Trade-unions] seem natural to the passing phase of social evolution,... Read More
Bubbles, Malinvestment, and Higher Education
Many commentators are asking whether the next big bubble to burst will be the debt associated with the... Read More
JPMorgan’s Blunder Is No Market Failure
I am not going to try to defend JPMorgan Chase for its recent, widely reported financial blunders. ... Read More
For Equality; Against Privilege
This TGIF originally ran July 7, 2006. The freedom philosophy can be boiled down to two phrases: for... Read More
