William H. Vanderbilt—who appears in Bartlett’s Quotations for “the public be damned”—is the only person in US history whose father (Cornelius, or “the Commodore”) was, for a time, the richest person in the country, and who was himself, for a time, also the richest person in the country.
The old debate about foreign trade has erupted again with Trump’s tariff war. To be honest, for quite some time I could not make sense of it.
A federal court in Virginia recently ruled that the name of Confederate General Stonewall Jackson, who is regarded as a great hero by many Americans, violates the free speech rights of black students. As summarized by the judge,
Like Trump, Waller favors more monetary inflation and is “a dove in favor of running the economy hot.”
Trump on Monday suggested that Miriam Adelson, one of his biggest donors during his 2024 campaign, “loves” Israel more than the United States.
Karen Kwiatkowski: The civil war is ongoing, and Trump sits astride a state that is reacting far too late and with one hand tied behind its back.
$20 billion US taxpayer dollars will be used to bail out a country led by Trump ally and State-of-Israel fanboy Javier Milei.
Many think of the economy as being like a space ship, which occasionally slips from the path of stable economic growth and stable prices and has to be steered back by the “experts” in monetary policy. When economic activity slows down and falls below the path of stable economic growth and stable prices, it is the duty of the central bank to give the economy a push, which will place it back onto the right path.
Gold broke through $4,100 per ounce for the first time on Monday, while silver rose above $52/oz, hitting another record high.
