The big news of the last week was the Trump Administration’s backtrack of his not-so implicit threat to take over Greenland by force. It’s of course not surprising that he backed off, as there is not American support to even buy Greenland, much less take it over by force. Further, his proposed tariff increases were […]
Archives
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Dealing with Mr. Trump. “Suck Up or Shut Up?”
18 Nov 2025
So reads a headline in The Economist magazine in discussing how CEOs of major corporations have to deal with Donald Trump. Mr. Trump, notorious of wanting adulation, demands supplicants give laudatory remarks about him to gain or stay in his good graces. This morning I read in the WSJ an op-ed by Kevin Warsh on […]
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Mr. Trump repeatedly insists there is no inflation for his rationale for berating the Fed for not lowering interest rates, and yet the dollar has fallen ~9% since the beginning of the year. And Gold is up ~40% since his inauguration. Gold is an inflation hedge, and you can be sure, the market is pricing […]
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Trump and the Fed
28 Aug 2025
I received a short note from a long-time supporter of this Berean criticizing Jay Powell’s latest interest rate decision, and my reply is worth mentioning to all of you. Jay Powell is absolutely not the problem with interest rates, nor was Ben Bernanke or anyone else that has been a Fed Chair. The problem is […]
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It’s fairly normal for the Vice President to be in the role of attack dog on those opposing the administration’s agenda, so it wasn’t surprising to see Mr. Vance’s criticism of the Fed’s current policy position. Mr. Trump has been pushing for easier interest rates in both of his terms in office, and it is […]
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Today’s afternoon headlines include, “Popular 30-year mortgage rate races toward 8% after hitting a high not seen since late 2000“, “Something is breaking in financial markets” “Dow Falls 431 Points as Bond Yields Climb“. We had a pretty nasty end of September, and October is starting us to the downside. The Dow has now given […]
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Federal Reserve credibility cratering. And where, oh where, are they taking the economy and your bank?
10 May 2023
Gallup polling this week showed that the credibility of the Federal Reserve is down to 36% (those that have a “great deal” or “fair amount” of confidence)–the lowest level since Gallup begin tracking. To be sure, as Gallop notes, this tends to track overall economic performance. And most people are particularly pessimistic about the economy, […]
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Book Review: Money and The Rule of Law
01 May 2023
Recently, I finished my coursework in my graduate program. This means I spent the last two years reading a lot of books and articles. In light of world events over the past few years, one stood out as worth recommending to a broader group of people due to its timely message and solid fundamentals. Money […]
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As we learn more and more about Silicon Valley Bank, the basic problems are not really in doubt, but political posturing makes understanding really difficult. Henry Hazlitt has a nice quote in the 1st paragraph of his Economics in One Lesson that is apropos. Obviously the interest group of the affected bankers and depositors quickly […]
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F.A. Hayek’s famous quote is: The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design. While Hayek’s quote is most appropriately placed against government central economic planning of socialism, it applies against any government action that tries to manage the economy by going […]
Bert Wheeler
Jeff Haymond
Marc Clauson
Mark Caleb Smith
Tom Mach