Economics

"Republican Obsession with 'Big Tech' Hands the Dems a Antitrust Club"

I agree with this. If any group is unhappy with Google, Facebook, Twitter, or Amazon, work toward producing a superior alternative. Going after them with antitrust will open an enormous can of worms.

The common thread with all of these bills – at both the federal and state level – is that the best interest of consumers is not the focus. Politicians are seeking political retribution against companies like Amazon, Apple, Facebook, Twitter, and Google. . . . 

Once again, this is the logical conclusion when the party that is ostensibly “pro-business” begins to beat the antitrust drum. The Overton window of allowable opinion on the issue shifts dramatically to the left. Once there, the political left can do what it has far more experience doing, over-regulating.

Related: "The Dangers of Conservative ‘Antitrust Revival’" and "Trustbusters Should Be Careful What They Wish For".


"I find the fixation on 1970s inflation puzzling for several reasons."

NY Times editorialist tweets his puzzlement. Liberals, having decided that spending doesn't matter and that deficits and debt don't matter at all, have now decided that, of course, inflation won't matter, either. 

For a short course in why it matters, he could consult "Why Inflation Matters: It hurts workers and retirees, disrupts investment, and can be hard to control".