“And I will pray to a big god, as I kneel in the big church”
—Peter Gabriel
Imagine for a moment that you are a British citizen with doubts about Brexit. You turn on the television and listen to the President of the European Commission, Jean-Claude Juncker, state the following:
One of the great political mysteries has been the success of governments in ruling over societies with little opposition and resistance from the vast majority of the population, even when those governments have been brutal tyrannies and openly dictatorial in their control.
This past July, I had the privilege of attending Mises University, also known as “the greatest week of the year.” It was, without a doubt, one of the best weeks of my life so far. Throughout the program I had numerous opportunities to learn from and engage not only with some of the most accomplished and intellectually exciting faculty, but with over 100 students from all over the world equally excited about equipping themselves with knowledge in order to fight for a better future.
With last weeks’s beginning of Ken Burns’ new documentary about the Vietnam War, the war will be brought back to the front burner for national discussion and debate.
There is one thing that is crystal clear and indisputable about the U.S. intervention into Vietnam’s civil war: The intervention was illegal under our form of government. That’s because it was waged in violation of the U.S. Constitution, the document that sets forth the powers of U.S. officials, including those in the military and the CIA.
Time is the soul of money, the long-view — its immortality. Hard assets are forever, even when destroyed by the cataclysms of history. It is the outlook that perpetuated the most competent and powerful aristocracies in continental Europe, well up through World War I and, in certain prominent cases, beyond; it is the mindset that has sustained the most fiscally serious democratic republic in the Western world, that of Switzerland (as demonstrated in this article).
During the 1987 Whittier Narrows earthquake in Los Angeles, my mother was working in downtown Los Angeles in one of the buildings then known as the Arco Towers.
Almost a decade later, the Federal Reserve this week announced it will begin reversing quantitative easing. Slowly. Very slowly. The balance sheet currently stands at $4.5 trillion and they will begin allowing $10 billion in assets to roll off their sheets next month. Given the unprecedented nature of QE, even this modest reduction has many market observers on edge.
