Pericles on the Potomac
If you want to govern as a Big Man, you’ve got to weed out the unreliable little men. The first one to stop clapping was probably the most independent thinker in the group.
Yes Monkey Mortgage Magic
Yes Monkey Mortgage Magic
The deal made at Bretton Woods in 1944 was that the US dollar would be as good as gold, because foreign nations could always turn in their dollars for gold at $35/ounce.
Why to own money you can touch
Why to own money you can touch
What is the most likely catastrophe we are likely to face…and how can we protect ourselves? For an answer, we turn to today’s real-life, in real-time catastrophe, playing out in Gaza.
Deja vu All Over Again
Deja vu All Over Again
Argentina had been one of the world’s richest countries. But by the third decade of the 21st century, the Peronists — who governed Argentina for almost 80 years — had run out of other people’s money.
The Bells of August
The Bells of August
One day, when the Dow/Gold ratio falls to 5, stocks will be a bargain again. Then, investors will be disgusted by stocks, not enchanted by them. That’s the dip we want to buy.
Groundrush
Groundrush
We humans fall off the ledge the day we are born. And every bubble. Every human life. Every empire. And every paper currency ends the same way.
Trade Under the Big Top
Trade Under the Big Top
Saying is one thing. Doing is another. A trade deal, procured under duress, is not likely to be more valuable than intel gotten by torture.
Public Fraud
Public Fraud
With Trump as fund manager, it will be invested in the most promising and critical industries. It will rebuild industry, create good-paying jobs, and keep us from being an industrial backwater.
As Good as it Gets
As Good as it Gets
If there is a crash, you can count on the Fed to lower interest rates. It is still committed to backing the Wall Street party, by putting more gin in the punch bowl when necessary.
Make the Foreigners Pay
Make the Foreigners Pay
With the tariffs, the Trump team is retesting the notion that central planning can do a better job of making trade decisions than individual buyers and sellers with skin in the game.
