As time progresses, new revelations emerge each day. However, distinguishing between mere noise and meaningful substance can be challenging. Today, we aim to help you discern what’s worth your attention.
In the quirky state of California, recent developments have sparked amusement and bewilderment. Last month, State Senator Dick Pan proposed Senate Bill (SB) 1424. This piece of legislation aims to mandate that California websites employ fact-checkers to verify news articles before they are published. However, the proposal conveniently leaves out details about who these “moral guardians” would be.
Ironically, those in the California government eager to control the narrative seem unable to manage their own impulses. For now, proposals like this remain in the realm of absurdity. It may take another presidential election cycle or two before such ideas are taken seriously by the majority of state lawmakers. Continue reading
One of life’s silent pleasures lies in witnessing the collapse of an unjust system. This week, we were treated to a feast of disheartening news, garnished with a flair usually reserved for competitive eating contests. What a captivating time to be alive.
Stories of despair and hardship filled the digital news headlines. Yet, the real gem of our scrutiny lay hidden further down, beneath the latest Trump tweets and relentless reports of global military tensions. Our focus, however, is far from unfounded.
Today’s spotlight shines on Haruhiko Kuroda, the Governor of the Bank of Japan (BoJ). If you’re unfamiliar with him, brace yourself; you’ll soon understand the weight of his influence.
Kuroda and his team at the BoJ have been riding a delicate balance for decades, implementing policies characterized by extensive money debasement. In fact, their innovative strategies—though well-intentioned—have evolved into a source of national pride. There seems to be no ludicrous monetary policy idea that hasn’t been explored by Japan’s intellectual elite in their quest to salvage the nation. Continue reading
“Things are getting lively again, aren’t they?” This observation came from a colleague as we stepped off the elevator to grab our morning coffee.
“One moment, markets are indulging like pigs in mud, and the next, they’re regurgitating their excesses.”
“I’ll tell you this: President Trump’s trade conflict with China is headed for an unfavorable outcome. China has consistently outmaneuvered the U.S. in this arena for the past twenty-five years. They hold the advantage.”
“What’s the point, anyway? If we stop purchasing from China, how will they finance Uncle Sam’s debt? The timing is worse than unfortunate, as deficits continue to spiral into the trillions annually over the next decade. I can’t see a viable exit from this predicament. Can you?”
“Simply printing money to buy government debt isn’t a solution. This trade war will only accelerate America’s financial woes. Is Trump realistically hoping to achieve something significant?”
“I’ve also heard rumors that China has leveraged their debt even more than we have, so they might struggle more under economic stress than we would. But I wouldn’t wager on it.” Continue reading
Each generation creates its own myths and legends. Often, a lack of experience drives the youth towards embracing popular delusions, regardless of their absurdity. Meanwhile, older generations may harbor unrealistic expectations based on a reality that has long since vanished.
“Myths and legends are persistent in America,” Hunter S. Thompson remarked in The Great Shark Hunt nearly forty years ago. His insight still rings true today as we encounter a multitude of myths destined for a hard fall. Here are a few examples:
- The belief that U.S. Treasuries are the safest—default-free—investment available.
- The enduring legend of American exceptionalism.
- The misconception that one can rely on the welfare of neighbors indefinitely.
- The myth that the President truly leads the nation.
- The false notion that bundling prime and subprime loans into collateralized debt obligations eliminates risk.
This list goes on and on, including… Continue reading
