“Inflation is the dragon that the Federal Reserve must slay. At what cost?” – The Lonely Realist The anticipated recession has arrived. America has suffered two consecutive quarters of negative GDP growth, the classic definition of recession (as discussed here). If more evidence were needed, the...
“With lawlessness condoned and the Rule of Law in tatters, American democracy is sliding downhill.” – The Lonely Realist Stability, social cohesion and national unity depend on the Rule of Law, a cornerstone of American democracy requiring that laws be fair, that they be understandable, and...
“This week’s Fed Rate Hike and negative GDP report provide recession grist for would-be oracles, but don’t bet-the-farm on alleged experts’ conjectures. No one can predict the future.” – The Lonely Realist Those who assert their ability to predict the future are optimistically representing their guesses...
"We reject the certified results of the 2020 Presidential election, and we hold that acting President Joseph Robinette Biden Jr. was not legitimately elected by the people of the United States." – Texas Republican Party, June 12, 2022[1] “The war on democracy instigated by [former president...
“How long is forever?” – The Lonely Realist Stein’s Law—named for economist Herbert Stein, Chairman of the Council of Economic Advisers under President Nixon — states that “If something cannot go on forever, it will stop.”* America’s rising standard of living, ever-increasing GDP, global hegemony, and...