• December 18, 2020

Stock Market Party

"History repeats itself, that's one of the things that's wrong with history.”

—Clarence Darrow (1857-1938), American lawyer

• December 11, 2020

Survival of the Biggest

The essential point to grasp is that in dealing with capitalism we are dealing with an evolutionary process… At the heart of capitalism is creative destruction.

• December 4, 2020

Elites on the Edge

Growing income and wealth inequality were on my (and probably your) radar screen long before COVID-19 came along. The pandemic has made them both more obvious and more urgent. The actions by the Federal Reserve have widened the gap. We are now in a situation where society’s upper echelon can easily stay safe and prosperous while the lower segments live precariously and dangerously.