“What do 21st Century Conservatives and Liberals actually believe in?” – The Lonely Realist As TLR has noted, modern American political conservatism is founded on four “right wing” principles: fiscal restraint, furthering traditional American values, pursuing a strong national defense, and incentivizing capitalist Darwinism. The core...

“Like a broken clock, permabears are right once every cycle.” – Cassandra Last week’s TLR provided a compilation of permabear pretexts that led one reader to highlight an interview from Moneywise in which Mark Spitznagel, chief investment officer of Universa Investments, insisted that the “worst market...