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A Mar-a-Lago of the Mind
I’ve spent enough time in jackrabbit country to know that most of them lead pretty dull lives…. Read More
These Are the Worst of Times
Credit is a system whereby a person who can't pay, gets another person who can’t pay, to guarantee that he can pay. Read More
The Fundamentals Are Broken
All loans, in the eyes of honest borrowers, must eventually he repaid. All credit is debt. Read More
The Wisdom of Monetary Central Planning
Wisdom, itself, is often an abstraction associated not with fact or reality but with the man who asserts it and the manner of its assertion. Read More
The Idiot’s Guide to Monetary Central Planning
Someone who lies and someone who tells the truth are playing on opposite sides, so to speak, in the same game. Read More
Kinky Money Makes the World Go ’Round
Confucius said, ‘The gentleman understands integrity; the petty person knows about profit.’ – Confucius, Analects (551 – 479 B.C. Read More
It’s the Inflation, Stupid
Lenin is said to have declared that the best way to destroy the Capitalist System was to debauch the currency. Read More
“Quagmire” Is a Funny Word
Nor did Madeleine Albright visit the absurdly misnamed ‘Demilitarized Zone,’ one of the most heavily militarized strips of land on earth. Read More
A Toast to the Lender of First Resort
The people are naturally conservative. They are more conservative than the financiers. Read More
