Tag Archives: congress
Falling Off the Hunger Cliff
The October edition of Smithsonian magazine tells us that “With five simple words in the Declaration of Independence – ‘all men are created equal’ – Thomas Jefferson undid Aristotle’s ancient formula, which had governed human affairs until 1776: ‘From the … Continue reading
Helping the World Ruin Itself
“Iacta alea est.” – Suetonius to Julius Caesar, upon crossing the Rubicon, January 10, 49 BC Yielding to Political Will Yesterday brought forth new evidence that man, despite his better judgment, will nearly always yield to political will. Several months … Continue reading
Providence Is With Us
Yesterday European Central Bank President Mario Draghi announced what could be an unlimited bond buying program to save the euro. Later in the day, after running up 28 points, the S&P 500 closed at its highest level since before Lehman … Continue reading
How to Sleep Well During the Great Dollar Panic Ahead
Periods of epic price deflation have occurred several times in American history. The Great Depression, of course, is the only period still within living memory for some. But peering back another 100 years, there’s an instance of price deflation that … Continue reading
