America’s economy is running on a belief in perpetual motion …, the reason being that the U.S. government is printing piles oodles of Dollars with the expressed intention of continuing to do so indefinitely … using those Dollars to fund America’s lavish military and entitlement...
TLR’s most important narratives center on bridging America’s divisions …, and 2020 provided plenty of grist for that mill. Progress in any culture and any political system requires a constant re-examination of goals and realities. In America today, progress depends on a critical evaluation of the...
The obverse of “Rational Exuberance” is “Irrational Exuberance,” a phrase popularized in December 1996 by then-Federal Reserve Chairman Alan Greenspan when he warned investors that unjustified internet optimism had crept into stock market valuations. As a consequence, he warned, soaring valuation assumptions based on rosy...
You may have read about Cassandra – the young (and, I should add, quite beautiful) priestess who the Greek god Apollo granted the power to accurately prophesize the future …, and then cursed so that her prophesies would not be believed. TLR spoke with her...
America’s tax system was built by capitalists for capitalists, for incentivizing job creation and business innovation, for encouraging class mobility. It’s a cornerstone of American democracy in a nation regarded as the exemplar of democratic capitalism. It succeeded spectacularly in the 20th Century, driving America’s...
