Scott Bessent’s Big, Beautiful, Budget Abomination
The more of a society’s resources that are spent on the feds’ projects, the less is left for everything else. Government borrowing in the US now ‘crowds out’ private borrowing almost completely.
In Defense of Real Numbers
In Defense of Real Numbers
Real numbers are the sacred language of a win-win economy. They allow us to quantify, measure, and compare everything from time to the price of tomatoes.
Heart of Fiscal Darkness
Heart of Fiscal Darkness
We only know if things are worth doing when and if people — of their own free will and with their own real money — pay for them. Otherwise, the transaction is likely to be a scam or a mistake.
An Abundance of Scarcity
An Abundance of Scarcity
Inequality is a fake problem. It is a symptom, not the disease itself. And when we set aside the headlines du jour, and look more closely, what we see is a whole edifice of fakery.
Two Strains of the Same Disease
Two Strains of the Same Disease
It’s back to basics for the ‘liberals.’ Gone is the divisive claptrap — the dumbbell pronouns, DEI, the trannies and weirdos–even Black Lives don’t matter anymore.The winning formula is ‘free stuff.’
Higher House Hurdles
Higher House Hurdles
The median mortgage payment is today around $2,800, which leaves a lot of houses for sale and few people able to buy them. Sellers now outnumber buyers by the biggest margin ever.
Interest Rates, Observed
Interest Rates, Observed
Lower interest rates encourage borrowing. That’s the whole idea. Debt goes up. Spending goes up. The feds ‘print’ more money to cover their deficits. Prices rise further.
Budget Busters
Budget Busters
Empires usually end their lives with a heady cocktail of too much spending and too much violence. Often, keeping people under control — at home and abroad — becomes the major expense.
Back to the Stone Age
Back to the Stone Age
Everybody has his reasons. Ask a murderer why he killed; he’ll have a perfectly sound reason: “He was messing with my girl,” for example. Liars tell their tall tales for a purpose.
Lost Generations
Lost Generations
Home is where the heart is. But history tells us that there are good times to be somewhere else. The French in 1914…the Russians in 1917…Germans in 1933.
