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How Fed Dependence on Bogus Data Invites Disaster
Numbers may seem like hard facts. But they are rigorously flexible in the right hands. The game often involves framing.…
A World Of Fiat
“Gold is money. Everything else is credit.” – J.P. Morgan, testimony before Congress in 1912 Impossible Imbalances There has been…
What a Bull-Runner Can Teach Us About the AI Bubble
Bill Hillmann is an expert bull runner. He’s also a writer. He married his two passions in a book he…
How a Government Shutdown Can Restore American Independence
“Give me liberty or give me death!” – Patrick Henry Shutdown Season The clock is ticking. Congress has until the…
Invasive Species
The growth of government from day to day is often subtle. A new law here. Another regulation there. The imposition…
The Unvirtuous Cycle of Rate Cuts
President Trump wants rate cuts. Stock market investors do too. As do home buyers. Their reasons are slightly different. But…
On Black Swans and White Lies
“If you hear a ‘prominent’ economist using the word ‘equilibrium,’ or ‘normal distribution,’ do not argue with him; just ignore…
