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A Time for Choosing… Again

David Stockman / January 14, 2020

The real division is not between conservatives and revolutionaries but between authoritarians and libertarians. Read More

Wild and Crazy Monetary Central Planners

David Stockman / January 13, 2020

The robb'd that smiles, steals something from the thief; he robs himself that spends a bootless grief. –William Shakespeare, Othello (~1603-04 What if they audited the Fed? It’s a good question. Read More

All the News That’s Fit for Bubblevision

David Stockman / January 10, 2020

By reading narrative, we escape the anxiety that attacks us when we try to say something true about the world. Read More

Imperial Arbitrage

David Stockman / January 9, 2020

Great empires are not maintained by timidity. – Tacitus, Histories (c. Read More

There’s “Dumb,” There’s “Neocon,” and There’s the Donald

David Stockman / January 8, 2020

“…that old Beach Boys song, ‘Bomb Iran,’… ‘Bomb, bomb, bomb, bomb…’ anyway, ah…” – Senator John McCain, responding to an audience question about military action against Iran during an April 17, 2007, campaign appearance in Read More

On Strange Bedfellows

David Stockman / January 7, 2020

Indeed, only what does not have a tangible measure can easily be exaggerated in importance. Read More

The Guns of January

David Stockman / January 6, 2020

Every gun that is made, every warship launched, every rocket fired signifies in the final sense, a theft from those who hunger and are not fed, those who are cold and are not clothed. Read More


David Stockman / January 3, 2020

You only grow by coming to the end of something and by beginning something else. – John Irving, The World According to Garp (1978) Once they are debt-entombed, economies are inexorably capable of ever-more modest rates of growth. Read More

People, Get Ready

David Stockman / January 2, 2020

Editor’s Note: Happy New Year! It’s the first trading day of 2020, and all the major equity indices are in the green… of course, the Federal Reserve’s “not QE” liquidity injections have more than a Read More

Recent Articles

What’s the Matter with Iran?

By David Stockman.  |  January 17, 2020

We’ve Got to Get Ahold of Ourselves

By David Stockman.  |  January 16, 2020

There’s Still No Free Lunch

By David Stockman.  |  January 15, 2020