Good Money, Bad Money-And How Bitcoin Fits In

Let us start with talking about bad money, by which I mean the US dollar, the euro, the Japanese yen, the Chinese renminbi, the British pound, the Swiss franc, and basically all official currencies. Q1 hedge fund letters, conference, scoops etc jaydeep_ / Pixabay They all represent fiat money. The term fiat [...]


The Overuse Of Mathematics In Economics

If you enrolled at university today, you would find economics modules filled with mathematics and statistics to explain economic phenomena. There would also be next to no philosophy, law, or history, all of which are much more important to understanding the way our world works and how it impacts [...]


Why Facebook’s New Cryptocurrency Is No Threat To Bitcoin

Peter Schiff took to Twitter the other day to blast Bitcoin yet again. This is hardly new for the Gold Evangelist, as Schiff has essentially made his entire living promoting the return of the gold standard and investing in the precious metal. This time, however, Schiff pointed to the [...]


4 Takeaways From The Latest Report On Social Security’s Solvency

The Social Security trustees issued their annual report on the program’s financial condition earlier this year, along with their companion report on Medicare. As in previous years, these reports contain sobering news that lawmakers and the public need to know. Q1 hedge fund letters, conference, scoops etc The trustees who authored [...]


How To Become The 1% (It’s Easier Than You Think)

This summer, thousands of moms and dads will load their children onto buses and hug them goodbye as they head off to camp to pursue their childhood dreams. Many of these kids will devote their time to practicing their curveballs and base stealing on the diamond. Undoubtedly, all of [...]


Martin Feldstein, R.I.P.

I learned late last night that my boss for two years at the Council of Economic Advisers, Marty Feldstein, died yesterday. He was only 79. Q1 hedge fund letters, conference, scoops etc Image source: Bloomberg/YouTube Video Screenshot Marty, who was probably the world’s foremost health economist in the 1960s, took a risk [...]


Cuba Implements Food Rationing As Its Economy Enters Crisis Mode

While it is fashionable to talk about Venezuela and its notorious shortage of basic goods such as toilet paper, flour, and milk, Cuba is now implementing a rationing program to combat its very own shortages of basic goods. A CBC report indicates this program would cover basic items such [...]


Will Insolvent Union Pensions Get Bailed Out By The Government?

Despite the accumulation of nearly ten years worth of evidence that the U.S. government cannot make money from its student loan business despite having a near monopoly in it, it may soon get into a whole new lending racket. Q1 hedge fund letters, conference, scoops etc Photo by stevepb (Pixabay) Disguised Taxpayer [...]


The Price Of Trading Future Obligations For Today’s Benefits

I've been listening to Mark Spitznagel’s The Dao of Capital, which is three parts philosophy, two parts history, and one part investing advice, so if you’re into that sort of thing and don’t mind the same concept hammered home in a dozen different examples across multiple categories, you will [...]


Facebook’s Fate May Hinge On Two Key Questions

Platform or publisher? Private or public? Q1 hedge fund letters, conference, scoops etc mohamed_hassan / Pixabay On May 15, the White House tweeted, No matter your views, if you suspect political bias has caused you to be censored or silenced online, we want to hear about it! The tweet linked to a 16-part form [...]


Will Brazil Take The Venezuelan Or Chilean Path?

In her work The Voice of Reason, Ayn Rand once taught that Q1 hedge fund letters, conference, scoops etc Capitalism has been called a system of greed—yet it is the system that raised the standard of living of its poorest citizens to heights no collectivist system has ever begun to equal, [...]


School Spending Has Increased Massively With Little To Show With Results

Earlier this week the US Census Bureau released a report that reveals how much US school districts spend per-pupil. Here are seven figures from the report you should know: Q1 hedge fund letters, conference, scoops etc borevina / Pixabay The amount spent per-pupil for public elementary and secondary education (pre-kindergarten through 12th [...]


Comparing 1955’s Fortune 500 To 2019’s Fortune 500

What do the companies in these three groups have in common? Q1 hedge fund letters, conference, scoops etc Group A: American Motors, Brown Shoe, Studebaker, Collins Radio, Detroit Steel, Zenith Electronics, and National Sugar Refining. Group B: Boeing, Campbell Soup Company, Colgate-Palmolive, Deere & Company, General Motors, IBM, Kellogg Company, Procter and [...]


How The Euro Lost Its Mojo

Criticizing the euro and the monetary policy of the European Central Bank (ECB) is often left to opponents of the EU today. Being unquestionably pro-euro is among the prerequisites in political discussions to be seen as pro-European; any doubts are not part of allowable opinion. Q1 hedge fund letters, conference, [...]

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