Those Who ‘Get It’ Best Get It Good and Hard
But the world is not always kind or easy. Especially to those who invade Russia, forget the past, or think they know the future. Sometimes those who ‘get it’ best…get it good and hard.
How Win-Win Deals Make the World a Richer Place
There is no qualitative difference between trade across borders and trade across the street. As long as you are free to trade with whomever you want, on whatever terms you want, you will always try…
Why Stop at the Stock Market? Rig the Labor Market, Too
If people not involved in a labour transaction can know better than the participants what the terms should be, why not set the salaries of editorialists? Publishers? CEOs? Sports celebrities? Movie stars?
This Money Isn’t Smart or Dumb. It’s Raving Mad.
There is the smart money. And there is the dumb money. But this money must be stark, raving mad. Our Fed is lending out fake money to member banks at a rate that is about…
The Chinese Economy Isn’t the Super Pooch It Appears to Be
The Chinese infrastructure that delights Jimmy Carter is more likely an artefact of wasted capital than of real economic growth. And, today, China does not seem ready to take the lead dog role. The Chinese…
The Feds Can Print Money, but They Can’t Print Time
The feds may be able to print up an infinite quantity of ‘money,’ but they can’t print time. Real capital — savings, time, resources — is precious. And when time (and other real resources) is…
Trump May Be a True Believer after All: The US-China trade war
This brings us to the latest escalation of the trade war with China. Mr Trump’s main re-election selling point is the economy. People think it is doing well. And to maintain that illusion, Mr Trump…
The Greatest Political Leader of All Time
A great leader is forever an oxymoron. The more he leads, the more damage he does. Every decent citizen knows that politicians are the chief threat to his liberty and his prosperity; he despises and…
Start the Presses, Let the Good Times Roll: A Recession is Inevitable
Before 2030, US deficits will hit $2 trillion per year and total federal debt will go over $40 trillion. Here’s why. Sometime in the months ahead, a stock market crash and a recession are inevitable.…
21st Century America: Rotten but Gluten-Free
Our hypothesis is that the US peaked around the turn of the century. Since then, as measured in the most reliable money mankind ever discovered, gold, the flower of its industrial wealth, the Dow 30,…