John Tamny argues that student loans shift attention from hard-won degrees to elite-school status. His view on education and opportunity, from a February 2021 Jimmy Sengenberger interview.
What should a degree signal?
More from John Tamny and Parkview Institute:
parkviewinstitute.org/?utm_s…
'Money velocity' is a myth. Money buys nothing. Production buys production, and money changing hands faster is a sign of rising production, not an overheating economy. What does a dollar buy with no producer on the other side of it?
John Tamny, in full: parkviewinstitute.org/essays…
Tamny's point on Noonan's lament that society never chose AI: the big things always arrive unannounced. Nobody clamored for the internet either, and in 1999 Amazon shareholders were ridiculed just for owning the stock.
Tamny's answer to Noonan's AI dread: money is ruthless, and markets price the unknowns ahead, not the present. If Peggy Noonan is right, the markets will tell us. Would investors hand trillions to entrepreneurs planning to exterminate them?
First published at @rc_markets.
John Tamny's case for automation: freeing time for work people enjoy. His example? He and his interviewer are paid to read and stay informed. From a May 2019 BGE Radio interview—an optimistic vision of meaningful work.
What work would you love to do?
More from John Tamny and Parkview Institute:
parkviewinstitute.org/?utm_s…
John Tamny's post on Elizabeth Holmes has drawn more than 45,000 views and 170 replies on X. A jury convicted Holmes of defrauding investors in 2022. Tamny's question: why did she never sell a share while the world's greatest investors lined up to buy?
John Tamny's post: xitter.cf/johntamny/status/21132…
The Elizabeth Holmes "fraud" narrative was long contradicted by what was true: Holmes's backers included the most prominent names in investing, business, economics, and politics. Fraudsters of course sell when people are duped, but when the world's greatest investors were lined up trying to buy Holmes's Theranos shares, she refused. From there, one would have to believe that some of the world's savviest investors didn't discover Holmes's alleged fraud, rather it was an unknown reporter who somehow scooped the world's best investors. Not very likely. The contradictions are many, and they gloss over the fact that as a female Stanford dropout, Holmes was constantly in the spotlight in the way that a male Stanford dropout would not have been. There are many of them, not many of Holmes's type. That is not a feminist comment, but it is a comment that for being a magnet for media, Holmes missed the crucial chance to develop her product anonymously, and on a better timeline. Said another way, had she not been so successful in pursuit of the impossible while raising money to back her vision over 15 years, she would not be in prison today. Holmes isn't a fraud nor did she fail, she was merely the only startup founder to build her company in a fishbowl. The latter arguably has her wrongly imprisoned today. realclearmarkets.com/article…
Readers added context they thought people might want to know
Elizabeth Holmes sentenced to more than 11 Years for fraud
“Evidence showed that Holmes, despite being aware of the Theranos analyzer’s failure to perform, was able to induce dozens of investors… to invest hundreds of millions of dollars in Theranos.”
justice.gov/usao-ndca/pr/e…
The full essay: parkviewinstitute.org/essays…






