While not surprising, it has nonetheless been remarkable how quickly American conservatives have been convinced to ignore or make excuses for virtually everything the regime does, so long as Donald Trump is in the White House. This includes the administration’s runaway deficit spending, inflationary monetary policy, ramping up of foreign wars, a growing disregard for federalism, and even higher taxes. Policies that would have been denounced by conservatives under Barack Obama or Joe Biden are reframed as virtuous under the current administration. 

Often, we observe that two pieces of data, which are not supposed to have any relationship, appear to have a very high correlation. What makes the apparent good correlation is that they both exhibit an upward long-term trend. In addition, fluctuations of the data do not seem to converge around the trend but just seem to move in an upward direction. These types of data statisticians label as “non-stationary.”

In a recent article, I pointed out that the surest path to saving the fiat dollar from destruction was to make it fully redeemable in gold at whatever that price happened to be on a certain day in the near future.