Henry Paulson

The Great Wailing

If Mr. Trump is to "make America great again," he must do more than make the insiders mad. He must make them pay.

Goldman Appoints Harvey Schwartz, David Solomon As Co-COO Replacements For Gary Cohn

As the WSJ reported last night, this morning Goldman Sachs confirmed it has promoted Chief Financial Officer Harvey Schwartz and investment-bank co-head David Solomon to the role of co-COOs and co-presidents to replace Gary Cohn, who’s leaving to take a job in the Trump administration, and said Martin Chavez will succeed Schwartz as CFO.

Why The Fed Destroyed The Market Economy

But after 100-years of mismanagement, the last eight being in the radically extreme, the Fed has scored a big fat rotten tomato.  The data still stinks – GDP’s still anemic.  But the downside of their actions is downright putrid.

2016: The Year America's Two-Party System Officially Began To Implode

As November inches closer, America’s two-party duopoly continues to implode. Disillusioned Democrats are making a mass exodus from their party while prominent Republicans vow to support Clinton over Trump, and once clear-cut lines in American politics are disintegrating as Americans seek other, actually “less evil” options.

A Common Central Bank Tool: Fearmongering

Central bankers should not be treated as wise oracles whose guidance is desperately needed. Instead, we should throw off the tyranny of the PhD’s and embrace the decentralization of power that is desperately needed to allow civilization to thrive. Brexit would be a great way to start.

Hypocrisy Defined: Hank Paulson Tells China "Let Failing Companies Fail"

"Do as I say, not as I do" is the clear message of hypocrisy spewed forth by former US Treasury Secretary Henry Paulson this week. Having presided over the largest redistriubution of taxpayer funds to bailout the banking system, while exclaiming fire and brimstone should they not be saved, he now has some advice for an over-levered, over-capacity, systemically-stymied China - "let failing companies fail."

Austrian Economics, Monetary Freedom, & America's Economic Roller-Coaster

It is time for a radical denationalization of money, a privatization of the monetary and banking system through a separation of government from money and all forms of financial intermediation. That is the pathway to ending the cycles of booms and busts, and creating the market-based institutional framework for sustainable economic growth and betterment. It is time for monetary freedom to replace the out-of-date belief in government monetary central planning.