The Leader Of The World’s Largest Hedge Fund Says The Economic System That Made Him A Billionaire Is A Threat

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 [...]

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How Much Per Person Does Your State Collect In Excise Taxes?

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 [...]

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Food Prices In 1919 Compared To Today

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 [...]

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The Presidents Who Oversaw The Biggest Economic Booms Since The 50s

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 [...]

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What Gordon Ramsay Reveals About Monetary Economics

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 [...]

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14 Reasons New Yorkers Are Fleeing To Florida

…. 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 [...]

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Will Social Security Be Gone By The Time I Retire?

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 [...]

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Modern Monetary Theory Is A Recipe For Hyperinflation?

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 [...]

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America Is Nearing The Age Of Mandatory Spending

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 [...]

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The 5 States With The Most Underfunded Public Employee Pensions

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 [...]

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Fee: Fannie Mae And Freddie Mac Should Be Shut Down, Not Resuscitated

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 [...]

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There Is No Retirement Crisis?

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 [...]

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3 Things About The Great Recession You Should Know

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 [...]

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The Dangers Of “Ethical Banking”

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 [...]

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Why Does Amazon Pay $0 In Federal Income Taxes?

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 [...]

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