Kinky Money Makes the World Go ’Round

Trade By David Stockman.  |  March 5, 2019

Confucius said, ‘The gentleman understands integrity; the petty person knows about profit.’ – Confucius, Analects (551 – 479 B.C. Read More

Who Wins (and Who Loses) the Donald’s Battles?

Trade By David Stockman.  |  February 25, 2019

There are roads which must not be followed, armies which must not be attacked, towns which must not be besieged, positions which must not be contested, commands of the sovereign which must not be obeyed. Read More

On “Ruling” and “Rising” Powers

Trade By David Stockman.  |  January 8, 2019

What made war inevitable was the growth of Athenian power and the fear which this caused in Sparta. Read More

The American Empire vs. The Red Ponzi

Trade By David Stockman.  |  January 11, 2019

We shouldn’t fear war. We shouldn’t be afraid of atomic bombs and missiles. No matter what kind of war breaks out – conventional or thermonuclear – we’ll win. Read More

On “Cooler Heads”

Trade By David Stockman.  |  January 9, 2019

In his essay “Perpetual Peace,” the philosopher Immanuel Kant argued that perpetual peace would eventually come to the world in one of two ways, by human insight or by conflicts and catastrophes of a magnitude Read More

How About Real War With China?

Trade By David Stockman.  |  December 7, 2018locked

The Dow Jones Industrial Average tanked into the close today. And all the other major indexes are down more than 3% for the week. Read More

“Tiny Tariff Syndrome” Is Not a Real Thing

Trade By David Stockman.  |  July 24, 2018locked

Without trade the world will become what it was once – a hell where only the strongest arm and the heaviest lash was law. The meek will never inherit the earth. Read More

The Donald, Trade Wars, and Main Street

Main Street By David Stockman.  |  July 10, 2018

Every man lives by exchanging. – Adam Smith, An Inquiry into the Nature and Causes of the Wealth of Nations (1776)   America is sinking under the crushing weight of the State. Read More