America no longer is a Nation of Immigrants as JFK wrote more than 60 years ago.  It’s instead a Nation of Cults. A cult is a group defined by its religious, spiritual, philosophical, racial, political and/or conspiratorial beliefs … or by a fanatical fervent attachment by...

TLR has prepared a Holiday Wish List that includes a request for political functionality that one hopes can be delivered this Holiday Season to provide joy – the kind that comes from economic and physical well-being – that will last well into 2021 and, potentially,...

The term “fiscal cliff” means different things at different times in different economic environments.  The single definitional consequence upon which there is universal agreement, however, is that it’s a bad thing to fall off that cliff … or even to skate too closely to its...

A political party, that is. The U.S. has only two …, right?  Although … maybe not …. There are currently two nationally-organized political parties:  the Republican Party; and the Democratic Party.  They have been the only parties-in-power in America for over 150 years.  They have denoted America’s...

The obverse of “Rational Exuberance” is “Irrational Exuberance,” a phrase popularized in December 1996 by then-Federal Reserve Chairman Alan Greenspan when he warned investors that unjustified internet optimism had crept into stock market valuations.  As a consequence, he warned, soaring valuation assumptions based on rosy...

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