Ranting and Raving
LOVINGSTON, VIRGINIA – The public spectacle continues… There are so many ways to look at it, we scarcely know whether to laugh or gasp. A week ago, President Trump took the sound and fury up a notch by way of his Twitter account:
The FAKE NEWS media (failing @nytimes, @NBCNews, @ABC, @CBS, @CNN) is not my enemy, it is the enemy of the American People!
The president in fighting mode.
Photo credit: David Becker / Rezters
Debunking a Lie
Don Watkins of the Ayn Rand Institute wrote an article, The Myth of Banking Deregulation, to debunk a lie. The lie is that bank regulation is good. That it helped stabilize the economy in the 1930’s. And that deregulation at the end of the century destabilized the economy and caused the crisis of 2008.
As of early 2015, Dodd-Frank had imposed altogether 27,670 new restrictions, more than all other laws passed under Obama combined (that is really saying something, considering the regulatory frenzy let loose by his administration. Note: the law may have “only” 2,300 pages, but more than 10 different regulatory agencies have been producing administrative laws for six years in a row to put it into practice – and they are not finished yet. Don’t you feel safer already?
The Worst Job in the World
The rewards of being the President, these days, are few and far between. Just ask President Trump. The work hours are terrible, the pay is far less than that of a corporate CEO, and you’re endlessly surrounded by shabby politicians. What’s more, the hand towels aboard Air Force One have the shoddy over washed roughness of those at a turnpike Motel 6. But that’s not the worst of it.
While we’re at it, let us introduce you to the runner-up, i.e., the second-worst job in the world. We are not sure what job title this poor man actually has (elephant rectum administrator? Pachyderm intestinal inspection officer?), but we sure hope he’s at least getting paid well.
Photo via Top Media Trends
Goodbye, Socialist Paradise
Nestle USA has announced that it will move its headquarters from Glendale, California, to Rosslyn, Virginia, taking with it about 1200 jobs. The once Golden State has lost some 1690 businesses since 2008 and a net outflow of a million of mostly middle-class people from the state from 2004 to 2013 due to its onerous tax rates, the oppressive regulatory burden, and the genuine kookiness which pervades among its ruling elites.*
There has been a remarkable reversal of flow of people and businesses – but California’s ruling elite seemingly remains utterly clueless as to why this is happening and/or doesn’t seem to care. When people and businesses flee from such a well-developed region with such a favorable climate, one should realize that something is probably very wrong. Here is a link to a comprehensive study of the flight of businesses and a million middle class people (net) since 2008 (PDF).
LOVINGSTON, VIRGINIA – Amid all the sound and fury of the Trump news cycle, hardly anyone noticed. There is a specter haunting this economy. It is the specter of inflation…
See, if you want to whip inflation now, you don’t need to do any of the really difficult things, such as printing less money… or God forbid, return to honest, market-chosen money (shudder!). All you need is intelligent nutrition!
Image credit: Marshall Astor
A Simple Way
In their efforts to beat the market, many investors are spending a lot of time searching for rare undiscovered gems or sophisticated trading rules.
There is actually a simpler way.
Not everything is simple – but some things actually are.
To Unleash or Not to Unleash, That is the Question…
LOVINGSTON, VIRGINIA – Corporate earnings have been going down for nearly three years. They are now about 10% below the level set in the late summer of 2014. Why should stocks be so expensive?
Example of something that one should better not unleash. The probability that a win-lose proposition will develop upon meeting it seems high. It wins, because it gets to eat…
Image credit: Urs Hagen
Everyone’s got a plan for sale these days. In fact, there are so many plans out there we cannot keep up with them all. Eat celery sticks and lose weight. Think and grow rich. Stocks for the long run. Naturally, plans like these run a dime a dozen.
All social engineers who get to impose their harebrained schemes on the rest of the world through the coercive powers of the State, as well as all armchair planners regaling us with their allegedly “better plans”, should have this highly perceptive quote by Robert Burns tattooed on their foreheads. In case you’re wondering, “gang aft a-gley” is slightly old English for “usually turn out to be total crap”. The second part that points out that as a rule, we get nothing but grief and pain instead of promised joy, is applicable to interventionism in general; the so-called “unintended consequences” of interventions almost always turn out to be their main feature and defining characteristic.
Regret and Suffering
BALTIMORE – Victoribus spolia…
So far, the most satisfying thing about the Trump win has been the howls and whines coming from the establishment. Each appointment – some good, some bad from our perspective – has brought forth such heavy lamentations.
Oh no! Alaric the Visigoth is here! Hide the women and children! And don’t forget the vestal virgins, if you can find any…
Most read in the last 20 days:
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- India: The next Pakistan?
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- Welcome to Totalitarian America, President Trump!
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- March to Default
Style Over Substance “May you live in interesting times,” says the ancient Chinese curse. No doubt about it, we live in interesting times. Hardly a day goes by that we’re not aghast and astounded by a series of grotesque caricatures of the world as at devolves towards vulgarity. Just this week, for instance, U.S. Representative Maxine Waters tweeted, “Get ready for impeachment.” Well, Maxine Waters is obviously right – impeaching the president is an urgent...
- Boosting Stock Market Returns With A Simple Trick
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- Searching for Truth
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- Why the 21st Century Sucks - Turtles All the Way Down
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- Gold and the Fed's Looming Rate Hike in March
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- Off the Beaten Path in Mesoamerica
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- Why Silver Went Down – Precious Metals Supply and Demand
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