Say what you will about progressive proposals to forgive all student debt or provide free college, at least we know what they intend to accomplish. Q1 hedge fund letters, conference, scoops etc 0TheFool / Pixabay Contrast that with the bill that Senator Jeff Merkley (D-OR) and Representative Rosa DeLauro (D-CT) reintroduced earlier [...]
Ray Dalio, billionaire and co-chairman of Bridgewater Associates, the world’s largest hedge fund, recently penned an essay warning that America faces an existential threat if capitalism isn’t reformed. Even in the overheated rhetoric of 2019, this is a bold claim from a professional capitalist. Q1 hedge fund letters, conference, scoops [...]
As the great French economist Frédéric Bastiat proclaimed, Q1 hedge fund letters, conference, scoops etc WerbeFabrik / Pixabay When plunder becomes a way of life for a group of men in a society, over the course of time they create for themselves a legal system that authorizes it and a moral code [...]
I started a house painting business the month house prices peaked. I had planned on using the profits from painting to fund my film projects, but that was assuming home values weren’t going to fall 30 percent. My timing couldn’t have been worse. Q4 hedge fund letters, conference, scoops etc NikolayFrolochkin [...]
Speaking to an enthusiastic crowd at the South by Southwest conference in Texas on March 9, Congresswoman Alexandria Ocasio-Cortez (D-NY) stated that Q4 hedge fund letters, conference, scoops etc Free-Photos / Pixabay Capitalism is an ideology of capital—the most important thing is the concentration of capital and to seek and maximize profit... we’re reckoning with the [...]
In January, the Congressional Budget Office (CBO) released its Budget and Economic Outlook for 2019 to 2029. It is horrific reading. Federal budget deficits are projected to rise from $779 billion annually to $1.37 trillion over the next ten years. Federal government debt will rise to 93 percent of GDP [...]
In “Guess Which President Really Oversaw Economic Booms,” Bloomberg columnist Justin Fox calculates annual economic growth rates per presidential term from Eisenhower through Obama, contrasting inflation-adjusted GDP totals in each president’s first and last quarter in office. Q4 hedge fund letters, conference, scoops etc skeeze / Pixabay The Kennedy and Johnson presidencies [...]
You can learn a thing or two about the theory of the business cycle by watching reality TV. Specifically, there are lessons to be learned about recessions, depressions, and what the economists of the Austrian school like Ludwig von Mises and F.A. Hayek called "malinvestment" from a show like [...]
…. is the title of Florida Sen. Rick Scott’s op-ed in today’s Wall Street Journal, here’s a slice: Q4 hedge fund letters, conference, scoops etc TerriC / Pixabay When I ran for governor in 2010, I evaluated Florida as a turnaround opportunity. It had great assets—and, more important, great people—but was suffering [...]
It is a question I am seeing more and more, and the answers get worse and worse. So let’s take a crack at it. Q4 hedge fund letters, conference, scoops etc RitaE / Pixabay Gone or Weakened? First, “gone” is a strong term when the concept of a “weakened” program would provide a [...]
The latest fashion that’s captured the political left is Modern Monetary Theory (MMT). Once a quiet idea resting in the annals of academia, it is now taken up by the likes of Rep. Alexandria Ocasio-Cortez and Bernie Sanders’s adviser, Stephanie Kelton. It’s still an unpopular theory among economists—and for [...]
Although the United States government has run up a national debt that exceeds the Gross Domestic Product, two spendthrift United States senators have the temerity to lecture American corporations about how the latter should manage their balance sheets. Q4 hedge fund letters, conference, scoops etc Fachdozent / Pixabay Senators Bernie Sanders (I-VT) [...]
Young people were never as deep in debt as they are now, a new New York Federal Reserve report claims. And while there are plenty of factors that led to the current crisis, there are some underlying economic problems that have made this situation worse. Q4 hedge fund letters, conference, [...]
It’s that time of year again. Congress has resumed squabbling over budgetary matters with the passing of the March 2 deadline to reinstate the federal debt limit. In order to avoid immediate default, the Treasury Department has likely begun to implement what are known as “extraordinary measures,” such as [...]
Many state government-run pension plans are running short of the money needed to pay 100% of the retirement benefits that state politicians have promised to the teachers, police officers, firefighters, and other employees of state governments. Q4 hedge fund letters, conference, scoops etc geralt / Pixabay Different Methods of Measurement Lead To [...]
On March 2, SpaceX plans to launch its first test of an unmanned Dragon vehicle which is designed to carry humans into low Earth orbit and to the International Space Station. If the test is successful, later this year, SpaceX plans to launch American astronauts from United States soil [...]
What’s the worst thing the government does? Q4 hedge fund letters, conference, scoops etc By User:AgnosticPreachersKid (Own work) [CC BY-SA 3.0], via Wikimedia CommonsThat’s a difficult question to answer. I’ve argued that giving U.S. tax dollars to the OECD is the worst item in the budget, on a per-dollar-spent basis. And I’ve [...]
More than 200 House Democrats are sponsoring a bill to expand Social Security benefits. This legislation will be funded by a dramatic increase in taxes. In addition, some states (California, Connecticut, Illinois, and Oregon) have established state-run retirement plans for private sector workers, which many progressives hope will supplant [...]
A decade ago, Americans found themselves living through the greatest economic downturn since the 1930s. In the time since, much ink has been spilled about it. What caused the Great Recession? Why was it so severe? Were the policy responses effective? Q4 hedge fund letters, conference, scoops etc geralt / Pixabay The [...]
Early American banking was, like most emerging banking systems, often unethical. It was characterized by lending to insiders and politically directed to “public infrastructure” where crony corruption was pervasive, and it led to widespread bank failure. It matured in the late 19th and early 20th centuries and became more [...]
The main reason Amazon as a corporate entity does not pay much in taxes is because the company so vigorously reinvests its profit. The resulting expensing provisions lower their tax liabilities, in some cases down to zero or near-zero. Q4 hedge fund letters, conference, scoops etc kirstyfields / Pixabay That is, in [...]
The history of food-ordering apps is one filled with successful competitors who never shied away from going the extra mile to make customers happy. Q4 hedge fund letters, conference, scoops etcAnd as Uber Eats becomes one of the strongest players in the industry, despite its origin as a ride-sharing app, [...]
