Monthly Archives: September 2025
Where’s the Beef?
The year was 1984. The fast-food landscape was dominated by two giants: McDonald’s and Burger King. But a third player, Wendy’s, was making its mark with a new advertising campaign. Continue reading
On Black Swans and White Lies
There was an old European belief that persisted for centuries. People were convinced that all swans were white. Their reasoning was founded in logic and supported by empirical evidence. Continue reading
The Unvirtuous Cycle of Rate Cuts
Trying to artificially control things like interest rates without understanding the underlying economic realities leads to an unvirtuous cycle full of unintended, and often unpleasant, consequences. Over the last 112 years this has resulted in a steadily declining dollar and massive debt and deficits. Continue reading
Invasive Species
The sun glistened off the water as our family clamored aboard the modest vessel. Nicolás, our captain for the day (and the boat’s owner-operator), spoke with the passion of a man who has discovered a deeper meaning in life. Continue reading
