The obverse of “Rational Exuberance” is “Irrational Exuberance,” a phrase popularized in December 1996 by then-Federal Reserve Chairman Alan Greenspan when he warned investors that unjustified internet optimism had crept into stock market valuations. As a consequence, he warned, soaring valuation assumptions based on rosy...
Assume that the media is correct and Joe Biden has won America’s Presidential election and will be inaugurated as America’s 46th President on January 20th. If so, he would owe his relatively narrow victory to heavy voter turnout among three disparate constituencies: traditional Democratic Party...
The First Amendment of the U.S. Constitution precludes the government from abridging Americans’ right to speak freely. By guaranteeing a broadly protected – and uniquely American – freedom of speech, the Constitution provides an essential base upon which America’s democratic society has thrived through the...
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...
The Supreme Court’s 1973 decision in Roe v. Wade has divided Americans for almost half a century. Politically, it created a gulf between anti-abortion, socially-conservative Republicans Americans and pro-abortion, socially liberal Democrats Americans, a gulf that has continued to widen. Dialogue between the two does...
