Category Archives: Economics

Is Huawei a Security Risk?

This question is quite beyond my technical competence to answer.  Even the experts disagree amongst themselves.  President Trump thinks it is too risky to use Huawei equipment and insists that Britain and our other allies not use Huawei equipment for … Continue reading

Posted in Foreign policy, trade | Tagged , , , , , , , | 1 Comment

The search of purpose: Nature and Nurture – Genes and culture

Every healthy boy and girl searches for the meaning and purpose of their lives. We ask why we are here and what we should do with our lives.  Where do we want to go and be in the future? How … Continue reading

Posted in Economics, Family, Government | Tagged , , , , , , , , , , | 3 Comments

Crony Capitalism

The standard of living of the median income family in the United States has risen to heights that could not have been imagined just a hundred years ago ($73,891 in 2017). All other industrial countries have had similar experiences.  “As … Continue reading

Posted in Economics, regulation | Tagged , , , , , | Leave a comment

Paul Volcker, RIP

Paul Volcker was a man of strong convictions, including a commitment to sound money https://wcoats.blog/2017/10/14/sound-money/.  It surprises me that in 1971 he urged President Nixon to end the United States’ commitment to maintaining the price of gold to which most … Continue reading

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Protecting Jobs

Protecting jobs sounds like a good thing to do (if you don’t think very carefully about what it means). Free markets protect jobs that are performing desired tasks better than someone else can. President Trump’s protection of steel workers’ jobs … Continue reading

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What are corporations for?

Peoples and cultures are largely defined by the rules and institutions they have created to manage their relationships and interactions with their fellow man. Speaking in the broadest terms, I tend to think of the political struggles of our time … Continue reading

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Where does the desire to explore come from?

Long ago I had the pleasure of introducing a young friend to types of food he hadn’t tasted before.  He was quite comfortable with his American style hot dog and hamburger meals and wasn’t certain he wanted to try new … Continue reading

Posted in Discrimination, immigration, Musings, trade | Tagged , , , , , , , , , | 1 Comment