Power & Market

The common thread that connects failed societies, from Weimar Germany to the Soviet Union, is an almost pathological insistence on denying reality.

How does one respond when a friend, colleague, professor, or one of the most decorated economists on the planet, claim they don’t foresee and infla

In 1759, economist and philosopher Adam Smith wrote one of the greatest descriptions of the free market ever produced.

Montana governor Greg Gianforte has had enough of President Joe Biden’s covid relief bills.

As the State grows larger and more centralized, combat in the political arena will grow more desperate and extreme because there is more to be won and lost in each conflict. 

Berkshire Hathaway's Charlie Munger is now badmouthing bitcoin because some criminals use it. But its rather odd for him to be targeting bitcoin when cash is used by criminals far more than bitcoin. 

The CNN headline news article says it all:

This definition is used by many historians of the state, and by many within the field of political science.

Even if “won,” endless wars like our 20 year assault on Afghanistan would not benefit our actual national interest in the slightest.

Between various tests to determine policy, vague responses, and a general avoidance of answering questions directly, Powell didn't offer much other than a plan for providing perpetual liquidity injections under accommodative monetary conditions.