Latest Blog Posts

Airbnb Makes Houses More Expensive Because It Makes Them Better.

November 7, 2017 by Logan Albright

The Wall St. Journal has conducted an analysis concluding that Airbnb, the service that lets tenants rent out their apartments to short-term tourists, is making housing more expensive, implying that this is a cause for concern.

The worry is that housing is already unaffordable, and that therefore anything that makes it more expensive is bad.

The most surprising thing about this story is that anyone should be surprised. It’s obvious that the use of Airbnb would increase rents, for the simple reason that it increases the options of what you can do with your property. Airbnb transforms a house from a simple residence into a potential source of income, and allows tenants to to turn a profit on weeks when they may be out of town — time that would otherwise go to waste. …



Happy Birthday, Communism

November 7, 2017 by Matt Kibbe

It’s the 100th anniversary of the Bolshevik Revolution, when Lenin would implement the purest form of Marxism ever conceived with predictably bloody consequences.



The “Greatest Good” Has Provided Cover for Great Evil

October 31, 2017 by Logan Albright

You can’t make an omelet without breaking a few eggs. Lenin may have never said those words, but the sentiment remains as powerful and relevant as it ever was. These days, it seems, almost any act, however cruel or unjust, can be rationalized as long as it is done in the name of some cherished, righteous cause.

And while I have long considered “the ends justify the means” to be an example of Machiavellian diabolism in the abstract, in practice, there are all too many who are content, even eager, to get started on those delicious, delicious omelets.

Guilty Until Proven Innocent

Take the list of alleged sexual abusers in media that has been circulating. …



Venezuelans Turn to Bitcoin to Escape Currency Crisis

October 31, 2017 by Logan Albright

By now, most Americans are familiar with the economic basket case that is Venezuela. The country’s economy has collapsed, leaving the population desperate and starving. The human cost is highly visible and tragic, but what gets less attention is the way in which the government has destroyed the country’s currency, thereby making it impossible for citizens to buy basic necessities.

It’s a common story in socialist countries. Unable to sustain massive levels of government spending, the state prints more and more money, trading short-term gains for massive inflation. It’s one of the most destructive policies any government can engage in, and yet despite the lessons of history, the debt trap continues to ensnare world leaders who ought to know better. …



5 Qualities Trump Should Look for in a New Fed Chairman

October 24, 2017 by Logan Albright

Donald Trump is considering replacing Janet Yellen as the head of the Federal Reserve Bank, the agency that oversees the nation’s money supply and sets interest rates all over the country. It’s a position with a lot of power to affect the economy, so selecting a nominee is an important decision. So what should Trump be looking for?

Humility
Perhaps the most important quality in any government official is the recognition that he or she doesn’t know everything. The economy is a fantastically complex thing, and the idea that any one person could possibly know enough to manage it effectively is a delusion that has led to disaster in many countries. …



Yes, Freedom of the Press Includes Fake News

October 24, 2017 by Logan Albright

President Trump is frustrated. The mainstream media is overwhelmingly against him, at times going so far as to publish flat-out falsehoods in order to advance their particular biases. This has led to the creation of the epithet “fake news” to describe journalism that is less than fully honest. Anything that causes Americans to question the veracity of the news media, or indeed any other source of information, is a good idea in my book, but unfortunately the president’s personal ire has led him from justifiable vitriol towards troubling indications that he is prepared to abuse the power of his position to silence his critics.

On Twitter, Trump has repeatedly raised the question of pulling broadcast licenses from news outlets, notably NBC, that he regards as dishonest. …



The Pros and Cons of Ending the Filibuster

October 17, 2017 by Logan Albright

With the GOP’s continued failures to pass anything even vaguely resembling Obamacare repeal, President Trump is once again ramping up his calls to end the legislative filibuster in the Senate. This is the mechanism that requires 60 votes to proceed on legislation, rather than the bare majority of 51. The filibuster is a Senate tradition, designed to make the chamber less reflexive and more deliberative and to prevent hasty legislation legislation from being pushed through without a fair amount of debate. However, in recent years, senators on both sides of the aisle have expressed frustration with their inability to get anything done and have suggested that the filibuster be discarded in favor of simple majority voting. …



The Easy Way for the FCC to Give High Speed Internet to Millions

October 17, 2017 by Josh Withrow

In a world increasingly defined by the interconnectedness the internet offers, isolation from internet access can mean isolation from opportunity as well. In the U.S., this deficit is especially acute in the rural corners, where terrain or sheer distance from population centers makes high-speed fiber-optic cables uneconomical. Soon, the Federal Communications Commission (FCC) will make a crucial decision on whether to allow private companies an alternative way to deliver high-speed internet to millions of Americans who currently have no such access in their homes.

Microsoft has taken the initiative on developing a strategy to provide high-speed internet wirelessly, using empty TV broadcast frequencies, also known as “white space” spectrum. …