National Debt

Mauldin: It's A Bonfire Of The Absurdities

"...there is a growing number of ridiculous, inane, and otherwise nonsensical absurdities that fill the daily economic headlines... I have gone from the occasional smile to scratching my head now and then to 'WTF' moments several times a week."

What President Trump & The West Can Learn From China

Instead of a demonstration of its overwhelming military might intended to intimidate tiny North Korea and pressure China to lean on its defiant communist neighbor, President Trump and the West should try to learn a few things from China.

The Unbearable Slowness Of Fourth Turnings, Part 1

"Don’t think you can escape the Fourth Turning the way you might today distance yourself from news, national politics, or even taxes you don’t feel like paying. History warns that a Crisis will reshape the basic social and economic environment that you now take for granted. The Fourth Turning necessitates the death and rebirth of the social order..."

Stockman: US Entry Into World War I Was A Disaster

"103 years ago, in 1914, the Federal Reserve opened-up for business as the carnage in northern France was getting under way... And it brought to a close the prior magnificent half-century era of liberal internationalism and honest gold-backed money."

How The Fed Destroyed The Functioning American Democracy And Bankrupted The Nation

"...a functioning democratic republic is premised on a simple agreement that We (the people) will freely choose our leaders... The intervention of the Federal Reserve into that equation, controlling interest rates, outright purchasing assets, and plainly goosing asset prices has introduced a cancer into the nation which has now metastasized."

3 Myths About Tax Cuts

"With the economic dynamics not supportive (debt, demographics, productivity and deflation) of further fiscal deficits, tax cuts, without spending cuts, are not self-supporting. Tax reform that adds to the debt is likely to slow, rather than improve, long-term economic growth."

Weekend Reading: Will Tax Reform Deliver As Expected?

While Congressional members were campaigning yesterday that the “tax plan” would give an $1182 tax cut to most Americans, it should not be forgotten that since they failed to “repeal and replace” the Affordable Care Act, any tax cut will only be diverted to offset a substantial rise in health care premiums in 2018.

Welcome To The Offended States Of America

"Why do we live in a world in which the offended people get to make the rules when they deliberately propel themselves into places that are certain to offend them? It’s so blatant of late that I am positive they’re doing it on purpose. We no longer live in the United States of America. We live in the Offended States of America."