Bitcoin’s returns over the last decade have dominated every other asset we can compare it with, but that still doesn’t tell us what we need to know about the future viability of this extraordinary development in human monetary affairs.
The Fed has been successful in fooling the markets regarding the temporary nature of zero-percent interest rates, the efficacy of QE, and its ability to normalize rates and shrink its balance sheet.
Our modern civilization is on a trajectory that will lead to a very dark place. History provides examples of what… Read More »Directive 10-289: A Chilling Directive
While the willingness to abandon long held beliefs for political gain has always been a common trait among public figures,… Read More »Laffer Gets Laughable
The biggest danger facing the American economy is not financial or monetary, but political. If we are currently entering a recession that proves to be even more severe than the last, which I believe we are, Donald Trump and the Republican Party will take the blame.
There are simple and clear fiscal benefits to a government that issues a gold bond.
With his announcement last week of broad tariffs on imported steel and aluminum, President Trump launched what could be the… Read More »Trump Plays with Fire on Trade
While investors are justifiably focused on what may be the opening crescendo of a long overdue sell-off in stocks, there… Read More »Raising Rates Reflect Bigger Debt Not Faster Growth
After supposedly chomping on the bit for years to pass meaningful tax reform, Republicans are now set to blow an… Read More »Fake Tax Reform