To Protect Jobs Is To Neuter Precious Human Potential

Protectionists and neo-luddites invariably claim that compassion demands we protect and preserve jobs, regardless of how economically inefficient they may be, lest many are left out of the economy. Bu. […] » Full Post

Source: RealClearMarkets - Articles |

Many Investors Have Seemingly Learned Nothing from History

"'A bull market is like sex. It feels best just before it ends.'"- Warren Buffett Excuse me for being redundant, but the following Jim Rogers quote that I posted yesterday underscores Mark Twain's fam. […] » Full Post

Source: RealClearMarkets - Articles |

Central Banks Have Run Out of Excuses

My own interest in the monetary system began in earnest about twenty years ago. I remember clearly reading through JP Morgans 1997 Annual Report and being teased into pulling on a loose thread. Of cou. […] » Full Post

Source: RealClearMarkets - Articles |

If Trade 'Deficits' Are Bad, Why Do Rich Countries Have Them?

Not for nothing is the OECD known as the rich mans club. It includes the developed countries and many leading developing ones. It is a club virtually every country would love to join. One fact about t. […] » Full Post

Source: RealClearMarkets - Articles |

Federal Flood Insurance Did Not Magnify Harvey and Irma

Back in 2008, and in the aftermath of the troubles within the financial sector, a popular theme emerged about banks privatizing profits while socializing risk. To believe their critics then and now, b. […] » Full Post

Source: RealClearMarkets - Articles |

When Billionaires Build Stadiums, Taxpayers Get Whacked

As a Minnesota Vikings fan, I was glad to see the Atlanta Falcons knock off the Green Bay Packers on Sunday night, September 17, by a score of 34-23. The Falcons also opened their impressive new stadi. […] » Full Post

Source: RealClearMarkets - Articles |

Making Sure That Patent Law Doesn't Suffocate Innovation

As an early-stage investor in technology companies, Im used to many kinds of risk. Does the new technology actually work? Is there a market for the new product, the new device, the new drug, the new p. […] » Full Post

Source: RealClearMarkets - Articles |

Why Governments Shouldn't Treat Companies as 'National Champions'

Canadian Prime Minister Justin Trudeau appears to be having an identity crisis. He seems to think he is Prime Minister of the Montreal-based transportation giant Bombardier. At least in the minds of C. […] » Full Post

Source: RealClearMarkets - Articles |

Gauging the Role of Fox News In Our Electoral Divide

It is widely accepted that America is more divided than ever – economically, culturally, and politically. What is less well-understood is what is driving our growing disunity. Is the rising wage. […] » Full Post

Source: RealClearMarkets - Articles |

Politics & Your Portfolio: It's Complicated

With the emergence of the Graham-Cassidy bill to repeal Obamacare, I've been getting questions about what it means for portfolios. Some have said that the bill is likely to pass and that its passage m. […] » Full Post

Source: RealClearMarkets - Articles |

Bernie Sanders Promises a Government-Designed Ferrari, Payments Included

You deserve all the finest things in the world, a young Homer Simpson once wrote to his beloved Marge, and although I can give them to you, they will be repossessed. Senator Bernie Sanders Medicare fo. […] » Full Post

Source: RealClearMarkets - Articles |

Disadvantages Are the Source of Israel's Abundant Economic Strength

Perhaps the most important factor driving forward a countrys ability to create wealth is not its advantages, but its disadvantages. Its not the cards youre dealt, its how you play em. Economic disadva. […] » Full Post

Source: RealClearMarkets - Articles |

America's Middle Class Is Back...Or So It Seems

The middle class is back or so it seems. Thats the message from the Census Bureaus latest report on Income and Poverty in the United States. The news is mostly good. The income of the median household. […] » Full Post

Source: RealClearMarkets - Articles |

The Odds of Significant Tax Cuts - Very Soon - Have Risen

Financial markets and most media pundits are missing the new writing on the wall. For a variety of reasons surrounding shrewd moves by President Trump, the chances for significant tax cuts in the next. […] » Full Post

Source: RealClearMarkets - Articles |

More Lessons from The Twilight Zone On the Importance of People

In some respects, there is no such thing as a natural resource. Even the most costly such as oil have no inherent value but for the use that human beings and the marketplace are able to make of them.. […] » Full Post

Source: RealClearMarkets - Articles |