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We recently received a question from a reader asking— given all the volatility in the market, what do we think of US government bonds right now as an asset class? First, it’s absolutely true that there has been a sudden surge in uncertainty. In some respects, it’s astonishing how much of this has
There is a shady syndicate in the United States that has perfected the art of stealing from taxpayers; they’re so good that they manage to siphon off hundreds of billions of dollars each year. But this is no traditional criminal outfit. There’s no ski masks, no getaway cars, no briefcases full of cash.
I imagine my parents must have been extremely apprehensive about bringing a child into the world in the late 1970s. The entire decade was an economic sh*tshow. Inflation soared in the 1970s. The US economy shrank. Stagflation reigned. Unemployment surged to levels not seen since the Great Depression. And then there were the
“I think we are making a mistake,” said the Vice President, in what the media is criticizing as an unclassified text message discussion. The administration was discussing if, when, and how to strike against the Houthi rebel group in Yemen, which has been menacing commercial ships in the Red Sea since late 2023.
Russian-born Lydia Lopokova was not happy with her accommodations at the posh Mount Washington Hotel. The world-famous former ballerina complained that, in room 219, “the taps run all day, the windows do not close or open, the pipes mend and unmend.” Not to mention the hotel pool was absolutely frigid, even for someone
About eight months from now in November 2025, over 50,000 world leaders, bureaucrats, activists, celebrities, and VIPs will descend upon the Brazilian city of Belém for the United Nation’s annual climate change lollapalooza, otherwise known as COP30. These esteemed experts will gather to lecture the world on how desperately the rest of us
On November 1, 2023, just as the price of gold reached its record high price of $2,000 per troy ounce, I clearly stated my position that $2,000 gold was just the beginning. As usual, my argument was grounded in history. Back in the 1960s and 1970s, US government spending soared thanks to the
You’d think that Elon Musk would be the Left’s superhero. He supported Barrack Obama in 2008 and 2012, Hillary Clinton in 2016, and Joe Biden in 2020. He had previously expressed support for a number of the Left’s policy fantasies, including Universal Basic Income. He founded a company which would become PayPal, helping
My grandfather was born on April 19, 1915 in a dirty, one-room shack in the town of Bonham, Texas. Given the era, they had no electricity and no running water. And the family considered themselves fortunate that both mother and baby survived childbirth. Pretty much everyone in the area was a farm laborer;
It was the dead of night on March 22, 1929 somewhere in the Gulf of Mexico near the port of New Orleans, and the Canadian schooner I’m Alone was waiting to offload its illegal rum. Prohibition had been in effect in the United States for nearly a decade at that point, which meant
It’s been nearly four years since ProPublica, the radical leftist organization masquerading as journalism, published an article called: “The Secret IRS Files: Trove of Never-Before-Seen Records Reveal How the Wealthiest Avoid Income Tax.” The publication exposed the private tax records of some of America’s most successful citizens—Elon Musk, Jeff Bezos, Warren Buffett, and
Between press conference bust ups, tariff announcements, peace deals, and cryptocurrency reserve proclamations, it has been a busy month and a half. Despite all this, our global economic outlook remains relatively unchanged: we’re still anticipating a pretty serious bout of inflation around the world, and I’ll explain why. Inflation isn’t hard to understand.
In 2012, Puerto Rico was in the depths of a nearly decade-long recession and looming debt crisis. The island had lost about 10% of its population— mostly young, educated professionals, i.e., the most lucrative members of its tax base. So politicians did something radical: they established incredibly attractive tax incentives in order to
On April 22, 2010, the story broke that dozens of US Securities and Exchange Commission (SEC) employees—including senior officials—had spent hours each day surfing pornography on government computers, some for as much as eight hours a day. An investigation found that 33 employees were involved in the misconduct, with 17 of them earning
We write a lot about the US government’s dismal financial condition— $36.2 trillion in debt, $1.1 trillion in annual interest expenses, and a $1.8 trillion annual deficit. But in today’s podcast we take a closer look at the numbers and the government’s actual balance sheet as if it were a business, including all
