Honesty

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Buchanan: Is Secession A Solution To Cultural War?

A new federalisma devolution of power and resources away from Washington and back to states, cities, towns and citizens, to let them resolve their problems their own way and according to their own principlesmay be the price of retention of the American Union.

Weekend Reading: Errant Thinking

"Stock market bubbles don’t grow out of thin air. They have a solid basis in reality, but reality is distorted by a misconception."

White House Denies Axios' Report Which Denied Reuters Report About Trump's Border Tax

"There is no daylight between Gary Cohn and the President. His comment was taken out of context as it was part of a broader conversation about the proposals that are connected to border adjustability. At no point during this conversation did Gary make a statement of support or opposition to the House border adjustability plan."

9 Lessons From The Reagan Tax Cuts

A close look at the ’86 tax reform shows why tax reform may not get done this year. As BofAML's Ethan Harris notes, "we are skeptical." Significant tax reform creates winners and losers, which may make it hard to find a "coalition of the willing."

French Voters Call On Obama To Run For President To "Give French People Hope"

"At a time when France is about to vote massively for the extreme right, we can still give a lesson of democracy to the planet by electing a French President, a foreigner. Whether it's possible or not, whether or not he is French, we have to do this for real, to give French people hope... Vive la République, Vive Obama, Vive la France and the U.S.A."

US Crude Production Tops 9 Million Barrels As Rig Count Hits 16-Month Highs

The US oil rig count rose once again this week (up 5) to 602 - the highest since October 2015. US crude production is surging - back above 9 million barrels/day in the last week - the largest since April 2016. The lagged response to rig count builds implies considerably more production to come.

The Status Quo Is Not Working

The conventional objections to DeGrowth boil down to: it isn't the status quo, so it can't work. Actually, it's the status quo that isn't working.

Retail Stocks Surge On Report Trump Opposes House Version Of Border Tax

The White House appears to have flip-flopped again because earlier today, according to Axios, Goldman's ex-president Gary Cohn, and chief economic advisor to President Trump, told a group of CEOs that the White House does not support the House GOP version of a border adjustment tax.