Readers will recall commentaries over the past two years in which TLR expressed the view that the Federal Reserve will face political and economic realities that prevent it from adequately responding to incipient inflationary forces by either tapering its bond-buying or raising interest rates. In his...
“Although the Biden Administration’s Build Back Better tax proposals would reduce income inequality, they would do so at a cost that includes increased complexity … yet again. They could be targeted far more efficiently. America deserves a tax system that indeed Builds Back Better.” –...
“America’s most recent Presidents have stretched their Constitutionally-granted powers to an extreme. Unless Congress acts to end the power-grab, America may be breeding a monarchy.” –The Lonely Realist Arthur Schlesinger’s 1973 book, The Imperial Presidency, reached the conclusion that the Constitution provides no real limits on...
“America needs immigrants. American businesses are short of workers, particularly in construction, farming, leisure and the gig economy, and America no longer is a magnet for the most highly-educated.” – The Lonely Realist What makes America great? Is America the exalted democracy described by Alexis de...
“With stocks priced to perfection, America’s love affair with equities may be waning. Are there attractive alternatives?” – The Lonely Realist As TLR noted this past May, the Federal Reserve has the ability to deflate inflationary excess …, including priced-to-perfection equities. It merely has to “remove...