“America’s judiciary is the Founders’ safety valve.” – The Lonely Realist TLR first wrote about the Rule of Law in April 2019, emphasizing its significance as a cornerstone of America’s success. The American Rule of Law is different from the Rule of Law practiced in other...
“The American Experiment is a test of racial, religious, and ethnic integration. It’s about the meaning of ‘equality.’” – The Lonely Realist "Out of many, one" – e pluribus unum. The “American Experiment” is founded on the "self-evident truth" that "all men are created equal.” It is...
“History Doesn’t Repeat Itself, but It Often Rhymes” – Mark Twain Although Mark Twain was right that history seldom repeats itself, he was also correct in saying that history often rhymes. For example, it’s easy today to see the many parallels between recent events and those...
“Never bet against a stock index.” – The Lonely Realist America’s stock markets have been on a tear for the past 15 years. The S&P 500 index, down below 700 in March 2009, now is cresting 5,300, having increased more than 7.5x. Can it continue rising...
“Regulatory whipsawing is undermining American business.” – The Lonely Realist Consistency in policy and law-making provides the optimal foundation for strong economic growth. Uncertain government policy inhibits economic planning and therefore is business’s bane. Alternating political party Presidencies over the past 32 years provide a demonstrably...
“There’s something happening here, what it is ain’t exactly clear.” – Buffalo Springfield Both gold and Bitcoin are at dizzying highs. Why? It’s easy to be seduced by the almost-universal levitation of everything – the Magnificent Seven, global stock indices, residential real estate, corporate bonds, etc. –,...