Tagged: opinion

OpinionCalifornia's Wealth Tax Revival Repeats a Failed Experiment

California legislators are again pushing a tax on accumulated wealth, and the sales pitch has not changed since the first version landed in Sacramento in 2020.

OpinionIraq's $15 Billion Bet on Bypassing the Strait of Hormuz

Reuters reported on Monday, August 17, that Iraq is studying the reconstruction of an oil export pipeline running west through Syria to the Mediterranean, a project two sources with knowledge of the plan put at four…

OpinionThe Reindustrialization Gamble and the Cost of Decades Lost

Anthony Pompliano published a sharp summary of the American reindustrialization thesis on April 18, 2025, built around a podcast conversation with media mogul Barry Diller.

OpinionAI Capital Spending Hits Record Highs and Wall Street Keeps Buying the Dip

Meta Platforms raised its 2025 capital expenditure guidance to $60-65 billion on July 30, up from a prior estimate of $53-55 billion. The stock dipped in after-hours trading, then recovered.

OpinionRobinhood Crypto Revenue Drops 38 Percent as Retail Traders Move On

Robinhood Markets reported second-quarter earnings on July 29, 2026, beating Wall Street estimates on revenue and profit. The stock still fell 4% in after-hours trading.

OpinionAI Errors Infiltrate Federal Court Transcripts

On July 24, 2026, the Fifth Circuit Court of Appeals issued a per curiam opinion in Scott v. Collier that contained an unusual addendum.

OpinionThe UN Admits the War on Drugs Is Failing

The United Nations Office on Drugs and Crime released its 2026 World Drug Report in June, and the data tell a story that drug warriors have spent five decades trying to suppress.

OpinionAkash Network Pitches the Homenode Thesis, Betting Personal GPUs Will Power AI

On July 9, 2026, decentralized cloud computing platform Akash Network published what it calls the "Homenode Thesis" on X, outlining a future where individuals run GPU hardware at home, use it for their own AI…

OpinionGlobal Wealth Tax Fails Before It Starts

On June 25, 2026, Reason published an analysis dismantling the latest push for a coordinated global wealth tax, an idea that resurfaces every few years with fresh academic backing and the same fatal flaw.

OpinionCerebras Stock Drops 11 Percent Despite 92 Percent Revenue Growth

Cerebras Systems (CBRS) posted $249.7 million in first-quarter revenue on Monday, a 92% jump from the same period a year ago. The stock fell 11% in after-hours trading anyway.

OpinionThe Magnificent Seven Drawdown and the Concentration Trap

The seven stocks that carried the S&P 500 for three consecutive years have shed more than 25% from their December 2024 highs.

OpinionRothbard's War on Scientism and the Illusion of Mathematical Economics

Murray Rothbard never minced words about the misuse of mathematics in economics. In a 1960 essay and throughout his career at the Mises Institute, the Austrian economist argued that formal models, econometric…