Warren Buffett, as usual, was right: gold is not an investment. It yields nothing and never grows. Gold, instead, is money: something people use to (1) exchange what they have for what they want, (2) store their purchasing power, and (3) know precisely how much they...

If you are like me, you are sick of the smug, ignorant, destructive drivel from the “Woke” crowd. “Wokeness” connotes exquisite sensitivity to racial or social discrimination and injustice, as defined by the beholder. Niggling questions about what constitutes...

By any measure, stock prices relative to any rational measure of economic value are at record levels. https://seekingalpha.com/article/4404673-is-this-the-biggest-financial-bubble-ever-hell-yes-it-is The main driver of what appears to be an epochal bubble in the...

I have been a card carrying member of the “sky is falling” crowd for years. And I have been wrong. Stock prices are at their all-time highs. Some stocks are selling at multiples of sales that historically have been applied to earnings. Why was I wrong and what are the...

Socialism is a failure - but popular. Capitalism is a success -- but unpopular. Why? Socialism always and everywhere eventually has ended up creating economic stagnation and loss of freedom. The more aggressively it has been tried — think the old Soviet Union and Mao...

John Maynard Keynes, whose wrong-headed ideas dominate economic policy making almost everywhere, did get this right: "Lenin is said to have declared that the best way to destroy the Capitalistic System was to debauch the currency... Lenin was certainly right. There is...

In this post I argue that you should pay attention to someone only if he personally gains or loses, depending on whether what he says proves true, and in this post I opine that there is a serious economic train wreck in our future. If I am not acting according to my...