Liberals for sale

Shame on Larry David, LeBron James, Matt Damon, and Reese Witherspoon for peddling crypto to the masses.

“Fortune favors the brave” is probably the worse thing your investment advisor could ever tell you. But an ad featuring Lakers superstar LeBron James said it to 100 million Super Bowl viewers Sunday by way of pitching cryptocurrency. Shame on him.

Shame, too, on the comic actor Larry David, who also peddled crypto during the Super Bowl, and on the actors Matt Damon, who roomed in college with a leading economist, for crying out loud, and Reese Witherspoon, who may or may not have gotten paid to tout crypto (though I hate to think she’d offer such advice gratis).

The moral obtuseness of Hollywood liberals who recommend financially risky (not to mention environmentally damaging) crypto investments to a mass audience is the theme of my latest New Republic article. Please read it here.

I’ve also written recently about the unlikelihood of a wage-price spiral and the inadequacy of the Biden administration’s recent report on labor, the fault not of Biden but of bad legislation that Congress passed 75 years ago over President Harry Truman’s veto and hasn’t since been able to muster sufficient votes to repeal.

Also, I've pitched it already, but if you haven’t read it, my March New Republic cover story defending the Deep State (“Washington Is Not A Swamp”) is one of the better things I’ve written.