What is the Meaning of American Capitalism? Americans believe in freedom, independence, democracy … and the value of their capitalist system. America attained its stature and became the powerhouse of the 20th Century because it integrated those frontier values into its culture … and allowed...
Is This Time the Same? Is history repeating itself? Most economists and historians think so. They believe that cycles recur, that human nature endures and requires that economic, political and social trends take the same non-random walk … and that 2019 is a rerun...
Announcing the Winners of the U.S.-China Trade War Be patient. Wait for it… If you’re familiar with the children’s card game “War,” you also would have an excellent understanding of which President country is likely to win the U.S.-China game of Trade Warrior. You’d know...
The Evil of Private Equity “A Delicate Balancing Act” in the May 29th TLR discussed a New York Times editorial entitled “Charity Won’t Solve Student Debt,” which took to task Robert Smith, the founder, chairman and CEO of Vista Equity Partners, who had announced during his...
“Axis of the Sanctioned” (June 21st TLR) The theme of “Axis of the Sanctioned” was that “The enemy of my enemy is my friend.” It warned that that this 4th Century strategy articulation has important applications today. Those applications have been compounding. The U.S. has...