In the past few weeks our new President has tried to impose a tariff-based economy on what has been since WWII a global free trade system. He remarked that America’s Golden Era was that period between 1870 and 1913 before the 116th Amendment. The 16th Amendment gave Congress the power…
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T T T T TARIFFS?
Not Again No getting around tariffs. A broad variety of these charges on goods from other countries were announced on April 2nd. Not surprising this radical departure from a global economy based on free trade sent the markets into a tailspin. George Washington’s Second Bill So what is the thinking…
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TESLA IS JUST A CAR
Tesla is a car. It’s also a company which makes batteries and solar energy equipment. But mostly it’s a car company. They believe they are a special car company. A digitally anointed brand that deserves the high valuation for ownership of its stock and ownership of their cars. Facts In…
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Empathy Suicide?
This last week there has been a remarkable pair of statements from the richest man in the world. The first “The fundamental weakness in western civilization is empathy.” He goes on to refer to empathy as if it were a bug in an operating system. If we could just reboot…
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Ponzi Scheme vs Social Security
The richest man in the world has now proclaimed that Social Security is a Ponzi Scheme. Nothing could illustrate his total misunderstanding and complete disregard for the powerful benefits of the program. Ponzi Scheme The first element of a Ponzi scheme is that the initial contribution is gained through fraud….
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GOVERNMENTS VS CORPORATIONS
There are basic differences between a Government and a Corporation. Corporations The only goal of a corporation is to provide SHAREHOLDER VALUE. That is the mantra of the Business Roundtable. This organization consists of the Chief Executives of 200 corporations. They boast that they contribute to almost one fourth of U.S….
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I AM FROM THE FEDERAL GOVERNMENT
It may surprise the average American to know that in 1980 there were 2.9 million Federal Employees. Today 45 years later the Federal Work Force consists of 3 million employees. During this time the U.S. population has grown from 226 million citizens to 334 million. Our Gross Domestic Product has…
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DEI DOS AND DEI DON’Ts
DEI is an acronym that we see a lot in the news today. For the acronym impaired it stands for Diversity Employment Initiative. For some it is a plan to discriminate against more qualified (usually white) applicants in favor of less qualified members of subgroups like Blacks, Latinos, oh and…
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When Empires Fall
Years ago, Henry Kissinger is quoted as saying, “As a historian, you have to be conscious of the fact that every civilization that has ever existed has ultimately collapsed.” It is a disturbing fact that flies in the face of America’s optimism. Kissinger reassured us “as a historian, one has…
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It Is Still The Stupid Economy
Truth be told Presidents don’t have that much control over the economy. They get the blame when it is bad. They rarely get the credit when it is good. We are about to pass the baton to a new administration that promises a very different approach. So lets look at…