Written

"It is surely folly to say that government must socialize all property in order to prevent anyone from stealing property. Yet the reasoning behind abolition of private coinage is the same."

All of the excess of unproductive debt issued during the period of complacency will exacerbate the problem in 2023 and 2024.

Many investors forget that when the easy money is flowing, financial mediocrities and even outright frauds can be made to look like legitimate geniuses. 

Long before there was the infamous German inflation of 1923, the Reichsbank created the scenario of monetary debasement.

Massachusetts voters approved yet another tax hike for high-income residents, while California voters rejected a similar proposition. The current tax fever does not bode well for economic growth.

In an unhampered market, profit and loss are entirely determined by the success or failure of the entrepreneur to adjust production to the demand of the consumers.

Cheap money in the last decade has meant good times for companies that barely make money and hire employees who barely work. But those times are now ending. 

Ours is an age of the progressive expert who nearly always is wrong but still is embraced by progressive politicians, the media, and academe.

One might assume that new rounds of monetary stimulus will bring new peaks in housing construction, reversing the ongoing housing shortage.  That hasn't happened.

Biden wants to roll out yet another "assault" weapons ban. Supporters claim it will reduce crime, but it will do no such thing.