“Change has come to America’s democracy.” – The Lonely Realist Arthur Schlesinger’s 1973 book, The Imperial Presidency, concluded that the Constitution provides no real limits on Presidential power. He was right. A 6-3 Supreme Court majority on June 29th in Trump v. Slaughter endorsed the “unitary...
“Modern economies have a love affair with inflation.” – The Lonely Realist For some, inflation is a bad thing. For others, it’s a good thing. Whatever its impact, inflation is a modern fact of life and its future today seems … bright. Inflation generally is viewed as...
“Or a new beginning?” “What is the evolutionary destiny of homo sapiens?” – The Lonely Realist The question of humanity’s future has been the subject of intense philosophical discourse. Some believe they now have the answer. The biblically-inclined have long believed in man’s afterlife, God’s reward for a...
“The only difference between death and taxes is that death doesn’t get worse every time Congress meets.” – Will Rogers The American government is running a $2 trillion annual deficit. Perfunctory efforts at budget cutting, whether by DOGE or the President or Congress or through Federal...
Consistent with two of TLR’s themes over the past 7 years, beginning with April 2019’s “Red Storm Rising” and June 2019’s “What is Money” and including the recent “What ‘America First’ Means to Allies and Enemies” and “Will the Dollar Surrender its Reserve Currency Crown?,”...
“Because Strategy, Inc. is a significant investor in Bitcoin, Bitcoin's price is being adversely affected by Strategy, Inc.'s price.” – The Lonely Realist TLR wrote in December 2021 about “Bitcon,” using a label intended to highlight what at the time was widespread Bitcoin skepticism. Were Bitcoin's...