No individual, no corporation, and no country ever runs out of money. Ever. What all three run out of is investor trust. The above truth rates frequent repeat in light of a recent news account about…
“I love kids because I was never a kid. I was too poor to be a kid.” That’s what the late professional golfing legend and personality Chi Chi Rodriguez told Sports Illustrated. What Rodriguez said…
Never turn down capital when it’s offered to you. The previous axiom is easily as old as business. The wise refuse what’s precious precisely because they know well that tomorrow is another century.…
Bitcoin “doesn’t trade on fundamentals, but supply and demand.” The previous point was made in a recent column meant to explain the surging value of the most prominent crypto concept. In the same…
If you want to age yourself, talk about how you used to stay up until 11:30 on Friday nights to watch NBA playoff games. This was in the early 1980s. Friday night prime time was far too valuable to…
Booming Columbus, OH is thick with former Ohio State Buckeye football players who are part of the boom. Their close ties with the school’s most prominent alums, and that were forged during their…
They “ate, slept, made love, raised children, and tried to keep body and soul together by finding ways to make a living.” Those were the words of the late, great Wall Street Journal deputy editorial…
The big credit card companies “should have killed us when they could have.” Those were the words of early PayPal employee Todd Pearson in Jimmy Soni’s excellent 2022 book, The Founders: The Story of…
Whether it’s Goldman Sachs and J.P. Morgan talking to their high-net worth prospects, or Edward Jones and Charles Schwab talking to traditional retail customers, there’s a constant theme in the…
If you look at the market prices of consumer goods you’ll much more often than not be blinded to inflation’s truth. To which more than a few readers will reply that prices are precisely the way to…
“You don’t have a baby here, you have a funeral expense.” That’s what the doctor said about recently deceased actor Earl Holliman to his parents upon seeing the baby they’d just adopted. The adoption…
While politicians frequently and incorrectly demagogue trade as harmful, the enterprising in the proverbial arena have long been looking for ways to bring people closer together not just so that they…
Banks are in the business of paying interest on deposits so that they can lend out the funds deposited with them at a higher rate of interest. Some will respond that the latter is a statement of the…
There’s no such thing as “easy money” or “costless credit” contra what readers are told with great regularity by economists and their enablers in the commentariat. Evidence supporting this statement…
“Let many ideas flourish as industrial policy doesn’t work.” Those are the words of the excellent Andy Kessler in his latest Wall Street Journal opinion piece. Policymakers should embrace Kessler’s…
Modern Monetary Theory (MMT) is something only economists could have dreamed up. It’s the laughable view that governments can spend without limit so long as they’re the sole issuer of their country’s…
“We require a commitment from those countries that they will neither create a new BRICS currency, nor back any other currency to replace the mighty U.S. Dollar or, they will face 100% Tariffs, and…
Fairfax (VA) and Montgomery (MD) counties are routinely at or near the top among U.S. counties on the matter of per capita income. The politically focused use the latter for political purposes. Get…
Last week, and while walking toward the Pavilions grocery store at the Montecito Country Mart, I passed by Clic. Its website describes it as “a globally acclaimed home décor and lifestyle brand.” Its…
Every so often it’s worth reminding readers what a miracle shopping is. Would-be buyers walk into businesses staffed by employees and owners who haven’t a faint clue about them, only to emerge from…
Social Security is in the process of morphing into “universal basic income” (UBI). The previous statement isn’t an endorsement of UBI, as much as it’s a prediction about what’s going to happen. Is…
A recent story in the Wall Street Journal indicated that Manhattan Institute scholar Christopher Rufo is set to meet with President-Elect Trump’s team to discuss a plan “to geld American universities…
If Congress relied on federal printing presses to fund its spending, then by definition the spending footprint of Congress would be very small. Yes, you read that right. No need to read it again. To…
Fifty years ago, on Nov. 30, 1974, my dad took my 7-year-old sister and me to the Los Angeles Coliseum to see Notre Dame play football against the University of Southern California. My dad had been a…
The Parkview Letter
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