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. To see why, look back to February of 2020. At the time, unemployment was at all-time lows and stock markets were […]
Joe Biden and Donald Trump Threaten U.S. Steel’s Existence Read More »
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 can exchange goods and services, but also so that they can divide up work that enables the production of exponentially more in the
De-Regulation Is the Way for DOGE To Have a Real Impact Read More »
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 of the obvious can most easily be found in the powerful force that is compound interest or returns. Precisely due to the power of
The Surest Sign of Tight Credit? When Central Banks Go to Zero Read More »
“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 should expect to say goodbye to selling into the wonderful U.S. Economy.” As readers can hopefully gather, President-elect Donald Trump
Without a Stable Dollar, Trump’s BRICS Demands Will Be Toothless Read More »
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 understand why this is true, stop and think what the market reaction would be if it were actually true
Governments Reliant On the ‘Printing Press’ Are Notably Small Read More »
Whether it’s actual inflation, or the kind of “inflation” that only economists and their media enablers tend to imagine it to be, a consensus invariably emerges that the Federal Reserve must “raise interest rates” to rein in the lending that has allegedly caused inflation. Translated, price controls from the Federal Reserve to supposedly bring
Banks Wouldn’t Cause Inflation, Not Could They Ever Cause It Read More »
Humans don’t take wealth, they create it. And they create it by virtue of dividing up work with other humans and machines. It’s called specialization, and it’s the root of productivity. These truisms are frequently ignored thanks to economists, and prominent sources of news that shed their common sense when they’re being instructed by
No, Washington Post, Going To War Isn’t a Growth Strategy Read More »
“We seem to be having an arms race. It’s emblematic of the complete breakdown of any kind of responsibility about the budget.” Cal-Berkeley economist Alan Auerbach said the latter in a recent Wall Street Journal interview. Auerbach was lamenting what he deems the unhappy fact that presidential candidates Kamala Harris and Donald Trump are persistently one-upping
It’s Responsible for Trump & Harris to Promise the Tax Moon Read More »
Responding to the failures of Enron and Worldcom within six months of each other, failures that didn’t spook the markets much at all, President George W. Bush zestily signed into law Sarbanes-Oxley (legislation that most certainly did spook the markets), thus criminalizing failure in an economy that had long derived its dynamism from – you guessed
Does the Economy Really Perform Better Under Democratic Presidents? Read More »
Talent matched with capital drives all economic advance, always and everywhere. Archaeologists will marvel at how many smart people bought into the Fed myth either way.
The Federal Reserve Can Neither Cause Nor Deter a Recession Read More »
