Silent But Deadly

By his appearance, Jack Vale is a regular unassuming middle-aged man. He could be the guy in the flannel shirt that sells charcoal to you at your local hardware store. Offering tips on how to best smoke a Boston butt or a rack of St. Louis-style spare ribs.

Yet Vale, despite his ordinary appearance, regularly engages in anti-social behavior. Like many Americans he visits Walmart each week. But instead of buying T-shirts and toothpaste, he farts on people.

His son stands discreetly off to the side and records the ruckus with a hidden camera. Then Vale posts the videos to YouTube. With over 1.8 million subscribers, he’s making big bucks.

The farts, of course, are not real. Vale uses a gag toy he invented – The Pooter – to simulate the crude noise. People’s reactions range from disgust to laughter. “I like when people laugh,” remarks Vale in the About section of his YouTube channel.

Perhaps there are better, more productive ways to make it in life. Bringing eggs to market, for instance. Or extracting oil from the earth. Such activities create real wealth. Continue reading

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Milei Returns to Davos

Despite the reformers’ endless efforts to encircle mankind, there are those who persist beyond the broad extent of their casted nets. In the backwaters of the Republic, for instance, the distant rumble and flicker of Saturday night hootenannies still befall yonder the mighty oak groves.

In defiance of all things good and proper, the unconsecrated gather under the pale moonlight and jig step to zydeco washboard rhythms while downing tipples of corn syrup and fermented grain. These barn stompers certify that, even in this era of big government and mass fentanyl addiction, there remain places in the lower forty-eight where freedom reigns.

Across the planet there are pockets of liberty where individuals can use gas burning stovetops while safely out of the reach of the long arm of the law. These places are uniquely exceptional with their own distinct rhythms and rhymes. But, in common, they’re places where people’s only demand of government is to be left alone.

Similarly, the backwoods of the old world, rare as they may be, have not been entirely defamed. Continue reading

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Bessent Enters the Meat Grinder

Scott Bessent should have kept his mouth shut. He also should have kept his money in his pocket.

The billionaire had a good thing going. He was leading a charmed life managing his hedge fund Key Square Group and preserving historic pink mansions in Charleston with his husband and their kids. But that was before he threw his money and support behind Donald Trump’s election campaign.

In return, President-elect Trump nominated Bessent to be Secretary of the Treasury. Maybe that was Bessent’s plan all along. If so, there’s a good chance he’ll come to regret it.

This week Bessent faced his confirmation hearing with the Senate Finance Committee. He said he wants to be the steward of Trump’s economic agenda that will “unleash a new economic golden age.”

In the runup to the confirmation hearing Bessent found himself in Senator Elizabeth Warren’s cross hairs. Warren, if you didn’t know, has a plan for everything. In fact, at last count, she has 81 plans for big government solutions posted to her website. Continue reading

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Rational Despair

The first full week of 2025 is coming to an end. And the final days of President Biden’s time in office cannot come soon enough. After four years of mega deficits and mega meddling, the economy and stock market have been crudely distorted. They’re both bloated to the max.

President-elect Trump wants to keep both the stock market and economic levitation going. Asset prices and low unemployment provide a superficial appearance of good health. Trump’s a reality TV guy. He wants things to look good. He wants to have rising stock indexes and low unemployment to point to as validation of his policies.

At the same time, Trump says he wants to rein in deficit spending. He wants to cut waste and inefficiency. These are both really good objectives. But they are at odds with the goal of continued levitation of the stock market and economy.

Does Trump understand that the source of the levitation is the deficit spending? What will happen if the $2 trillion in deficit spending is taken away? Will the economy topple over? Will stocks go south? Continue reading

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