It’s a Trap
Thanks largely to the EZ money era wrought by America’s funny money, the world’s reserve currency, feds everywhere spend too much money. Economies adapted to the cash flow.
Commentary
Punked
Officially, consumer price inflation meant that stocks lost about half their value. The price of gold, meanwhile, jumped from $35 in the beginning of the 70s, to $540 at the end.
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.
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.
