02 Aug

Posted at 12:35h in Business, Economics, General, Law, Society

“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...

05 Jul

Posted at 12:04h in Business, Economics, Foreign Policy, General, International Relations, Law, Politics, Society

“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...

21 Jun

Posted at 12:23h in Economics, Politics, Society

“Is a crash inevitable? Is the only question ‘When?'” – The Lonely Realist Ray Dalio recently wrote about the difficulties with “The U.S. Government’s Situation”: “[I]magine that you are running a big business called the U.S. government…. The [U.S. government’s] total revenue this year will be about...