American Exceptionalism What is American Exceptionalism? What is it that makes a country, any country, exceptional? The Merriam-Webster dictionary defines “exceptional” as “rare,” “superior.” The United States is indeed a rare and superior country, rare in its economic and political success, and superior in the...

There’s Something Happening Here “The Canary in the Gold Mine” in the June 24th TLR quoted several prominent hedge funds managers who believe we’ve entered a gold bull market. Their break-out level was $1400/ounce, a level breached in the last week of June. In...

"Will Modern Monetary Theory Work” (April 14th TLR) and “They’re All Keynsians Now” (March 27th TLR) Republicans no longer are believers in balanced budgets. Democrats most often have favored deficit spending. Both are now in agreement that Congressional spend-and-debt orgies are fun! This week, the...

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