From Butter to Guns
The ponzi math of the welfare state system no longer works. Too many old people. Not enough young people to pay for them. What to do?
All Aboard
All Aboard
Tariffs are essentially a sales tax. And a sales tax — averaging maybe 15% — is going to reduce consumer purchasing power…and cut into sales and profits. That is, it will be downer.
DIT is the new DEI
DIT is the new DEI
The story of Rome’s imperial decline is a story of shrinking consensual civilization and rising brute force. The center weakened. Armies fought with each other to gain control of the government.
Bogus Tariff Bounty
Bogus Tariff Bounty
Wealth is not created by politicians or their programs, policies or money-printing bamboozles. Instead, it is the fruit of taxi drivers, doctors, accountants, jewelers…millions of people.
Ready to Roll
Ready to Roll
Empires, like people, become more fragile when they get old. They sit, as if atop a great mountain, ready to roll down in any direction.
Motoring Through France
Motoring Through France
When the stock market is low, bad news is expected; it does little damage. But at the top almost anything can cause a crash…while there is almost no ‘good news’ that will send stocks higher.
Pericles on the Potomac
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.
