Bud Light executives thought customers wanted the beer to partner with a "transgender" celebrity. Or executives simply didn't care what customers thought. In any case, executives are now paying the price.
With the appointment of Linda Yaccarino as Twitter's new CEO, Elon Musk is trying to appease woke advertisers to bring up his company's revenues. This will not end well.
In the 1950s, Murray Rothbard took on the question of whether or not the United States should defend Formosa (Taiwan) from attack by mainland China. Rothbard was predictably red-baited for his efforts.
The drug war of the last half century has incarcerated millions and created havoc. What it hasn't done is eliminate people using drugs without government permission.
While the US ratchets up efforts to isolate its many enemies, the Chinese, the Saudis, the Arab League, and OPEC all shrug and look to increasing international communication and trade.
We are familiar with the five stages of grief. However, it is not a stretch to apply those stages to what is happening to the banking system. Right now, we are in the second stage: anger.
