David Chang isn’t sure the restaurant industry will survive Covid-19.

Since 2004, when David Chang helped to reconfigure the dining establishment’s ideas about what a great restaurant could be with Manhattan’s Momofuku Noodle Bar, he has opened more than a dozen restaurants around the world; hosted two seasons of his Netflix documentary series, “Ugly Delicious”; started a hit podcast, “The Dave Chang Show”; published the […]

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How Capitalism Saved Sweden From The Evils of Socialism

Fortunately for its citizens, but unfortunately for those who think Sweden is still socialist, the Swedish government, more or less by universal consensus, turned sharply back toward capitalism beginning in about 1995. BY MICHAEL MUNGER Josh Billings famously diagnosed a problem with beliefs: “I honestly believe it is better to know nothing than to know what […]

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Miami Real Estate Is About To Collapse

Submitted by Harris Kupperman of Adventures in Capitalism Miami has a highly cyclical property market where the magnitudes of the booms and busts dwarf anywhere else in the country.  In my experience, trends in Miami real estate also tend to lead national trends by a few quarters. Therefore, smart guys always watch Miami. Roughly a year […]

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New York City’s $15 Minimum Wage Is Now Officially A Disaster

Authored by Jake Dima via NationalInterest.org, New York City’s $15 minimum wage, which began to take effect Dec. 31, 2018, was meant to bolster earnings and quality of life, but for a lot of residents, it’s doing the opposite… Democratic New York Gov. Andrew Cuomo signed legislation in 2016 to increase the New York York State’s minimum wage […]

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