Archive | Markets

Investors Ignore Frightful Geopolitics

When the former Soviet Union collapsed almost 25 years ago, most global strategic forecasters assumed that the U.S. would adapt pragmatically to her new status of sole world superpower. Instead she has pursued a variety of misguided nation-building adventures and has largely shrunk from her primary responsibility of neutralizing the ambitions of petty dictators around […]

How The FED Taxes The Poor

One of the biggest, and one of the oldest, taxes is inflation. Governments have stolen their people’s resources this way, not just for centuries, but for thousands of years.

Too Big to Pop?

It’s as if the concept of “too big to fail” has evolved into the belief that some bubbles are too big to pop.

Michelle Freeman’s “Night in the Box”

Business executive Michelle Freeman recently spent a night shivering in the cold with homeless teenagers. What “good” will that achieve when the teenagers can’t find work? What moves wealthy individuals to do “penance” for their wealth?

ObamaCare’s First Few Years

The Patient Protection and Affordable Care Act—otherwise known as ObamaCare—is almost four years old. Despite the technical troubles, what every American should know about the law is that whatever its provisions, whatever the press propagandizes or reports, the individual has no control of, or choice in, health insurance or medicine. Not if you’re a doctor, patient […]

SEC Attacks SAC Capital

Insider trading is when someone trades with knowledge they have but which others do not. The question is whether this should be a crime.

A Green Light for Gold?

Gold moved from $300 to $1,800 not because investors believed the government would hold the line on debt, but because they believed that the U.S. fiscal position would get progressively worse. That is what happened this week.

A Return to Keynes?

Under Calvin Coolidge, the ultimate in non-interventionist government, the annual unemployment rate got down to 1.8 percent. How does the track record of Keynesian intervention compare to that?