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.
Commentary
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
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
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
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
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.
