Broken Rules for Fools
Real money shouldn’t have any purpose or value other than as money; it is meant to keep track of the values for other things, not to have a value of its own.
The Ford Tortoise and the Golden Hare
The Ford Tortoise and the Golden Hare
If you wanted to make money safely, you’d own profit making companies. Buy them when they were cheap and sell them when they were dear. But how would you know when they were cheap? Check gold.
Conspiracy to Print
Conspiracy to Print
‘Conspiracy theorists’ have a lot to work with. Millions of pages of intel from Epstein have already been released. Millions more to go.
More Money, More Power
More Money, More Power
The only thing that could Make America Great Again is the thing that made it great in the first place — less government, fewer deficits, fewer wars, and fewer meddlesome laws and regulations.
Nietzsche, and Fed Policy Mistakes
Nietzsche, and Fed Policy Mistakes
What a shame Epstein never got to spill the beans. Overcome with remorse, apparently, he decided to take his own life at the very time his guards took a smoke break.
Back at the Ranch
Back at the Ranch
We’re on our way rejoicing…recalling a superb couple of weeks in Nicaragua.
Here Passes the Buck
Here Passes the Buck
Each generation should try to add a little wealth to the next. A society is said to grow richer as its old people plant trees whose shade they will never enjoy themselves.
The Fix is In
The Fix is In
Wall Street made billions in profit by lending too much money to far too many people who couldn’t pay it back. Then, when the chickens came home to roost, the voters took the losses.
Freak Power
Freak Power
The big news Friday was the selection of Kevin Warsh to take charge of the Fed. Associated Press on the story:
Circus Maximus
Circus Maximus
The US automobile industry, for example, lost 28,000 jobs last year. And tariffs were meant to close the trade gap; but the gap just opened wider than ever.
