“Which ‘-ism’ is right for America?” – The Lonely Realist Every country chooses its own “-ism”: Capitalism: Private owners run trade and industry to make money with little government control. Socialism: The government owns or controls the significant industries and works to share wealth among people. Communism: The government...
“Trading on inside information is illegal. America’s elected representatives nevertheless profit from doing so.” – The Lonely Realist Congress once again is engaging in an election year public relations show. The House of Representatives recently passed the Stop Insider Trading Act which (in part) seeks to...
“How might President Trump successfully resolve the Iran War?” – The Lonely Realist President Trump has offered various conflicting rationales for his decision to wage war on Iran, including that America was acting preemptively to prevent an imminent Iranian attack on Americans, achieve regime change, destroy...
"Long-term interest rates are increasing while shorter-term rates decline." Dear Mr. Realist: As I predicted, the Federal Reserve and Fed Chair Kevin Warsh are following the script I described in my most recent letter. As a consequence, inflation and Federal debt and deficits are destined to increase...
“What does ‘the death-of-deflation’ mean for America?” – The Lonely Realist TLR yesterday received the following letter from Cassandra, the mythical Trojan princess gifted by the Greek God Apollo with the ability to prophesize and burdened with the curse that her prophesies would not be believed....
“The one thing that all Americans can agree on is that the midterm elections will be ‘fixed.’” Maureen Dowd recently penned a critical piece in the New York Times about President Trump‘s July 16th televised speech in which he (again) repeated his claim that the 2020...