I first fell in love with TINA in 2009. It was early Spring and I’d been hurt, pretty badly, in 2008. That had followed the break-up of a serious relationship with Value that had topped out in October 2007. My personal affair with TINA began...
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...
Goldman Sachs issued a stern warning on July 28, 2020: There now are “[r]eal concerns around the longevity of the US Dollar as a reserve currency,” noting that “expanded balance sheets and [America’s] vast money creation spur debasement fears.” Are those fears warranted? Is the US...
The Federal government is giving away money to bailing out America’s airlines. With Covid-19 ravaging airlines’ bottom lines, many believe this to be appropriate, an economically-wise decision. It isn’t. There are terribly consequential choices that governments have to make in order to ensure the well-being of their...
