“The only difference between death and taxes is that death doesn’t get worse with every Executive Order.” – The Lonely Realist (with thanks to Will Rogers) Tariffs are taxes imposed on goods entering the country. They are a form of consumption tax because they add to...

“How to measure Trump Administration success?” – The Lonely Realist The Lonely Realist recently received emails from two readers heaping praise on President Trump: “America now has secure borders; America has instituted mass deportations of criminal illegals; The stock market is at an all time high; Inflation is low; Energy prices...

“Fear and greed cut two ways.” – The Lonely Realist The predictions Cassandra made two years ago were prescient. She said that the Fed’s successful management of America’s economy has proven it to be “a highly capable economic general [whose] creative policies avoided depression following the...