No Index

It’s not hard for us to imagine what might happen if Donald Trump were to have direct control of Fed policy. He’s already said the Fed should cut rates by 300 basis points.

Now we’re going in the other direction…squeezing off trade as if we were kinking a garden hose. And for reasons that often have little to do with trade itself.

The feds’ deficits are clearly a mistake But it will take many years for the harm to show up. The consequences, such as they are, will likely fall on our children and grandchildren, not on ourselves.

We went to visit a friend, and stayed the weekend to visit the island.

The empire has entered a dark, degenerate phase typical of a declining empire

As the ancients put it, no man ever born of woman ever survives. And none ever gets through his life without making mistakes. Vanity, hatred, envy — the sins to which flesh is heir — always show up.