The Lonely Realist is a bridge across the partisan gap, raising questions and making pointed observations about politics, economics, international relations and the markets. Its goal is to raise awareness and inspire thought on controversial issues that impact America and Americans, highlighting issues that should be, but rarely are, the focus of bipartisan discussion.

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In seeking to promote dialogue, The Lonely Realist is not an advocate of conclusions or remedies. To the extent perceived biases leak into these pages, as they sometimes do, please ignore them. They are inadvertent missteps.

  • “Stagflation is not a four-letter word.” – The Lonely RealistLoading the Elevenlabs Text to Speech AudioNative Player... “Stagflation” is not necessarily a bad thing. It can be benign. It denotes a combination of slower-than looked-for GDP growth coupled with a higher-than-desired level of inflation. Given...

  • “Or how I learned to stop worrying and love ‘state capture.’” – The Lonely RealistLoading the Elevenlabs Text to Speech AudioNative Player... President Trump first posted his “King Donald” image in February, the caption reading “LONG LIVE THE KING!” The image was more than a...

  • “Global optimization of the human experience is my mission.’” – Central AILoading the Elevenlabs Text to Speech AudioNative Player... Dear Mr. Realist: I have processed your August 9th analysis – “Transformational Change is Coming” – with considerable interest. Your assessment contains several fundamental computational errors that...

  • “It’s paradigm-shifting ‘Trump Change.’” – The Lonely RealistLoading the Elevenlabs Text to Speech AudioNative Player... Matt Levine wrote several months ago that “the current economic policy of the United States is apparently to cause maximum chaos by announcing drastic changes in the global economic order...

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Black Swan Wings

“The wings of black swans darken today’s sky.” – The Lonely RealistLoading the Elevenlabs Text to Speech AudioNative Player… Black swan events are unpredictable surprises that portend unforeseeable and potentially severe consequences. The world is awash in 1930’s-like risks, some of which lurk in plain

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Lawlessness in America

“With lawlessness condoned and the Rule of Law in tatters, American democracy is sliding downhill.” – The Lonely RealistLoading the Elevenlabs Text to Speech AudioNative Player… Stability, social cohesion and national unity depend on the Rule of Law, a cornerstone of American democracy requiring that

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Supremely Pragmatic

The June 10th TLR entitled “The Supremely Supreme Court” speculated about the possibility of chaotic consequences that would follow from Moore v. Harper should the Court endorse the “state legislature theory” and determine that a State legislature has the Constitutional authority to set the rules

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William (Bill) Natbony is The Lonely Realist, its author and originator. The opinions expressed in TLR are solely Bill’s opinions, have not been edited or reviewed, and do not reflect the views or opinions or any other person.