Rule of the Status Quo

The federal government has a vested interest in preserving the standing social order. While that might be a laudable goal from a political science perspective, it’s a less desirable goal for innovators and consumers who benefit from creative destruction. Think, for a moment, about some of the routine tasks that are part of your daily life. How many of them are influenced by government action? For my own part, I awoke this morning to a…

View More Rule of the Status Quo

The Inherent Pluralism of Currency’s Value

Money is a tool for measuring value. It creates an empirical framework, making it possible for individuals who have different hierarchies of values to be able to trade to their mutual benefit. Money creates a baseline which entities with different ends in mind can gauge the fairness of their transaction. For example, suppose you are hungry and go into a deli to purchase a sandwich. The owner of the store charges you $5. To him,…

View More The Inherent Pluralism of Currency’s Value

The Power of Digital Politics: The Economic Impact of Trump’s Tweets

To paraphrase a famous cliché, “As Trump tweets, so goes the stock market.” Last Thursday, Japanese car maker Toyota’s stock plummeted following a Donald Trump tweet critical of the company’s announcement it was opening a plant in Mexico which would produce Corollas to be sold in the U.S. This was only the latest incidence of various companies’ stocks rising or falling following Trump’s Twitter commentary on their businesses decisions. While it is tempting to interpret…

View More The Power of Digital Politics: The Economic Impact of Trump’s Tweets
Top
All content protected by copyright. The Politics of Discretion, 2016.