The Dismal Science Economics has been called “the dismal science” for any number of good reasons. It was first referred to as “dismal’ in 1849 when Victorian philosopher Thomas Carlyle used the term derogatorily to refer – depending on your historical perspective – either to...
What if There were No More Recessions? What if Central Bankers have figured out how to successfully manage the global economy? What if they are in the process of engineering a soft economic landing for the world’s major economies …, a landing so soft that...
The Widening Divide “For the majority of the human species, and for tens of thousands of years, the idea that humanity includes every human being on the face of the earth does not exist at all. The designation stops at the border of each tribe,...
Expiring Canaries The June 24th TLR quoted several prominent hedge fund managers who in June asserted that gold was entering a new bull market when it broke through the $1400/oz. price level. That June 24th TLR, “The Canary in the Gold Mine,” suggested that if...
The Authoritarian’s Playbook As explained in prior TLRs, Turkey was once the shining example of a secular Islamic republic with an 80+-year history of Western-style democracy. It unfortunately has become the shining example of how to distort a Constitutional democracy, subvert secularism and install an...
The Free Speech Cycle The First Amendment to the U.S. Constitution (together with the Fourteenth Amendment) provides that neither Congress nor the States can pass a law that abridges Americans’ right to speak freely. It therefore guarantees a broad – and thoroughly American – freedom...