Serious investment thinking that doesn’t take itself too seriously.
Short the Bureaucrats, Long the Boom. Argentina, America, and the Path to Prosperity. "It was the best of times, it was the worst of times, it was the age of wisdom, it was the age of foolishness, it was the epoch of belief, it was the epoch of incredulity, it was the season of Light, it was the...
Summertime is the season of the blockbuster movie. And what could go better with a fast-paced action flick than a giant tub of buttered popcorn? People everywhere are starting to...
How Japan’s moment of glory has become a millstone for the economy. “Japan is back!” declared Shinzo Abe, the then Japanese prime minister, after he made a surprise...
If you are reading this, congratulations on surviving the latest Independence Day festivities, which our society somewhat arbitrarily celebrates on 4 July. Independence Day 2026...
Monetary policy isn’t about interest rates. It’s about money. Specifically, it’s about the supply of money relative to the demand to hold it. But you wouldn’t know that from...
Leigh Perkins died last month. Most reading this likely weren’t aware of his passing or who he was for that matter. But his story has broad relevance in consideration of the...
The Federal Open Market Committee (FOMC) met this week to decide the stance of the Federal Reserve’s monetary policy. In its official statement, the committee chose to...
Housing is a topic that gets everyone riled up. Where you live is a sign of success, socially and financially; we take pride in what our houses are like and certainly their...
Suppose you lent someone $100 and when they paid you back they only handed you, say, $99 or $80. Would you consider the borrower to have kept his promise and contractual...
As a once-devout environmentalist, I have a T-shirt with a slogan heavily used by activists. Often credited to the Abenaki Alanis Obomsawin, it speaks directly to our...