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The local paper offered up this vague headline last week, “Car Part Thefts Up in Henderson in 2021, Police Say.” Most readers likely passed over the article. But, in the time it takes to read the piece, a half dozen catalytic converters can be stolen. “It actually takes an individual who’s committing these offenses about three seconds really to

A term has been coined for product sellers who shrink their packages, and thus, the amount of product in those packages, keeping the package price the same: shrinkflation. Anyone with a bit of good sense or economics training knows this is another form of price inflation, caused by what used to be the dictionary meaning of inflation; an increase

Murray Rothbard made the point to us in his US Economic History class at UNLV that economic downturns used to be called “panics.” But, the government believed that word to be too scary for the general public, so, “depression” began to be used to describe downturns. Then, the word “depression” was felt to be, well, too depressing, so “recession”

The New York Times recently published a piece entitled “ When Kmart Moved Out, Churches and Flea Markets Moved In .” The article, penned by Kevin Williams, provides an instructive subtitle: “The retailer’s former stores are being used by tenants that might not typically get a crack at such a large haul of commercial space at an affordable price.” 

First Republic, Signature Bank, and Silicon Valley Bank have all failed, and that’s not the only thing they have in common. Western Alliance Bank’s Ken Vecchione was jealous of these three large regional banks. The chief executive admitted to the New York Times , “We were, I have to admit, a bit envious of them.” Obviously Vecchione was and likely

Caitlin Long tweeted over the July 4 weekend, “BIG NEWS for #fintech ! A sixth US state—Idaho—is willing to charter uninsured, non-lending, 100% reserve banks that are eligible for Fed master accounts (the other states are CT, ME, NE, VT & WY). This trend could turn the ‘bank-as-a-service’ ( #BaaS ) model on its head!!!!!” As Long explained to Ash

Over dinner the other night a business man mentioned that he had large amounts on deposit in the nation’s banks and said words to the effect that there is no way the government will let those deposits which are various company operating accounts go “pfft.” On that subject, while Silicon Valley Bank’s US deposits have been covered, SVB’s deposits

The flowers of entrepreneurship bloom in the strangest places. Kirznerian entrepreneurs attending the rain-soaked Taylor Swift concert at Gillette Stadium in Foxborough, Massachusetts, determined there would be a market for the rain which had fallen near the pop diva. The New York Post reported, “Some entrepreneurial fans are capitalizing on and