Thou Shalt Not Tariff
Some of Mr. Trump’s tariffs are so peculiar, it’s not clear where they fit into the constitutional structure. They are used as sanctions, punishments, bargaining chips and foreign policy weapons.
No Index
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
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
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
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
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.
