If it is wrong to preach race hatred—and it is—why is it right to preach class hatred? If it’s a crime to incite the public against a man simply because of the colour of his skin—and it is—why is it virtuous to do so just because of his position? The political organisation of hatred is […]
Archives
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Coronavirus and Financial Markets
02 Mar 2020
As I write this morning, markets (Dow Futures) are trending downward to open today by about 300 points, after going into correction (>10% down) territory in last week’s wild action. Mr. Trump is (once again) asking for the Fed to ride to the rescue. “This is something I think they should’ve done even beyond this […]
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It is a confusing time within the Democratic Party as the party struggles with identity. Yes the party of identity politics is having an identity crisis. The front runner, Bernie Sanders, is an avowed Democratic Socialist, and has been for years. He’s historically supported Castro, Ortega, Chavez, etc. and Democratic elites know that if he […]
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Mr. Trump’s Just Pardon
19 Feb 2020
In 1987, Michael Milken committed an unpardonable sin; he was reported to have made over half a billion dollars in income as the lead high-yield bond trader for Drexel Burnham Lambert (DBL). This is a fantastic amount today, of course, but in 1987 it was beyond comprehension. How could any one man do that? Clearly […]
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What a week!
07 Feb 2020
I suspect many of you are just like me in that life is busy, and your interest in politics has waned–especially as there seems to be no one to root for, only someone to root against. So the temptation is to either be numbed by the continuing dysfunction and just settle in for the ride, […]
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Oxford students learn a lesson
05 Feb 2020
After watching university after university cave to the politically correct demands of students here in the U.S., I was heartened to see a little sanity prevail across the pond. As reported in the WSJ earlier this week, activist students occupied the quad of the university’s bursar at St Johns College (the largest endowed college at […]
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“I have a plan” is the mantra of the maven of Massachusetts, Elizabeth Warren. But thanks to the folks at Cornerstone Macro (HT WSJ) we can see her plan for taxes, as well as the other near competitors.* None of these competitors has provided these numbers in this summary form, but each have proposed or […]
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If it’s indeed “the economy stupid,” its hard for me to see anything that derails his reelection, and that likely convincingly (especially if the nominee is Elizabeth Warren or Bernie Sanders). The yawning drama of the impeachment may have something to say about it of course. But I doubt it. The predetermined impeachment is simply […]
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New Year’s Resolution: More blog posts! So start with virtue signaling and the role of profit
03 Jan 2020
Last year was way busier than I hoped for, and this year promises to be the same, but there is so much going on that we need to talk about–I’ll try to do better. In this past week’s news the things that caught my eye were two reports on profits. There has been a decided […]
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When I was a much younger economist, prior to going off for my Ph.D., I had the privilege of attending a speaking engagement by Franco Modigliani, a Nobel prize winner who did much of the pioneering work in modern finance. I was teaching at the Air Force Academy in the mid 1990s, and Colorado College […]
Bert Wheeler
Jeff Haymond
Marc Clauson
Mark Caleb Smith
Tom Mach