A trillion dollars used to be a lot of money. In the past, most people never even thought in these terms since it seemed so far from reality. A trillion was like a gazillion. Few knew how many zeros were involved. However, times have changed. Our economy has expanded, and the value … Read more
Between a Rock and a Hard Place America is stuck between a rock and a hard place. The nation must decide whether to ratchet up enforcement of non-essential business closures or allow production to resume. While we need to address the spread of the coronavirus with prudent measures such as social distancing … Read more
When the coronavirus crisis first erupted, many private companies naturally stepped up to the plate. They saw the needs of communities and addressed them—many times free of charge. U-Haul, for example, saw the plight of stranded college students and offered them free storage place when their schools shut down. Other companies voluntarily … Read more
The economic indicators all show the economy is booming. Unemployment is at record lows. The stock market is seeing record highs. Wages are up, and taxes are down. Stifling regulations are being lifted. Everything seems to be working just fine. There is much truth in this perception of a boom. Part of … Read more
American Caviar … Only in America Caviar is arguably one of the finest things to please the palate of food connoisseurs. Harvested from the prehistoric sturgeon, a fish found more commonly in the Caspian and Black Seas, it was once considered to be something coming solely from countries like Iran and Russia. … Read more
A good definition of a liberal might be someone who tries to ignore the actual nature of reality. Thus, many politically correct formulations distort reality even to the point of denying the differences between the sexes. Ignoring the nature of reality can get particularly dangerous when applied to economics. The nature of … Read more
There is a major problem with books written solely from an economic prism. Consider the fact that the American economy is booming by all major indicators. Unemployment is down to record lows. Inflation is minimal. Consumer confidence is up. We have not seen times like this for decades. Admittedly, wages are still … Read more
I was recently asked for advice about investment strategies for the coming times. It is a reasonable request since we as Christians need to plan for the future responsibly. It makes sense to look at all the options whether they be stocks, bonds, commodities or other assets. If there is going to … Read more
Ten years have passed since the 2008 subprime mortgage crisis. It was the worst financial panic since the Great Depression. Now it seems that some of the lessons learned back then are being forgotten. Growing debt burdens in emerging markets are igniting new fears of a crisis that could shake economies everywhere. … Read more
Some people think of the new automated economy in terrifying and mechanical terms. In such a vision, machines reign supreme as they work tirelessly, silently and efficiently to maximize production and replace humans. Increasing automation will soon put tens of millions out of work and change lives for the worst. Indeed, people … Read more