Wealthy In “Mad Rush To Leave San Francisco”

San Francisco is a great city and an entrepreneurial powerhouse. It produces 2.72% of the nation’s economic output (as measured by GDP, the most common measure of economic growth), while it only comprises 1.43% of the population. So, with a GDP per person … Read More

Is A Vaccine Coming For Markets?

The first week of August started off surprisingly strong, with further moves higher in all market indices, and much “less bad” economic data than has been expected.  “Less bad than expected” is a consistent theme right now, and it evokes … Read More

Tulsa Massacre: The Loser Class vs. Black Entrepreneurs

Here is my latest audio and video commentary for Salem.

President Trump is officially launching his re-election campaign on June 20th in Tulsa, Oklahoma. Before Tulsa’s black residents were massacred by a racist mob in 1921, Tulsa was home to … Read More

Dear Keynesians, Last Week’s GDP ‘Catastrophe’ Mocks Your Dopey Religion

At risk of sending some readers into shock in consideration of how much they, their parents, the federal government, or all three spent on their college education, odds are they learned very little if their major was economics. That is … Read More

Step-By-Step Tyranny

A crucial step in replacing America’s freedom-centric paradigm with a socialist, authoritarian model is destroying the institutions that safeguard personal liberty. Freedom of speech, the right to bear arms, the limitations on federal authority, all of these crucial provisions within the Bill … Read More

Centralized Efforts Are Absurd

In his masterpiece Democracy in America, Alexis de Tocqueville’s dismissal of centralized efforts to improve inequality is at the center of his thesis and his observations of America and the American people. He opens his treatise — in fact, the … Read More

Terror In America

If you know the facts about the CCP (Chinese Communist Party) virus, you aren’t very alarmed, you don’t take heroic measures such as always wearing your life-saving equipment (mask) and, you don’t lose a lot of sleep over the … Read More

Media Should Be Concentrating On Chinese Concentration Camps, Not Trump Controversies

Maajid Nawaz, a British moderate Muslim activist, has begun a hunger strike to protest China’s abuse of religious minorities. He has also organized a petition that, if successful, could lead to Britain imposing sanctions on China.

While the media is … Read More

Twitter’s Partial Impartiality

With contributions by Charles Bowyer.

When CEO Jack Dorsey testified in front of Congress in 2018, he declared: “ does not use political ideology to make any decisions. … We believe strongly in being impartial, and we strive to … Read More

Why Are People Still Socialists?

As Democrat politicians across the country from mayors to Congressmen and Senators openly demand socialism for the U.S., capitalists should wonder why free market economics hasn’t survived the onslaught of socialism for the past 150 years? Laissez-faire reigned in the … Read More

This Is The Crucial Step In Getting People To Give Up Freedom For Authoritarianism

Americans like to believe that they are unlike the people of Russia who succumbed to the oppression of Communism, Germans who surrendered to Nazi rule, or Venezuelans who gave in to Marxism.

They believe that the legacy of fighting for … Read More

Should Smart Investors Be Overweighted To NY Apartments?

The Wall Street Journal recently published an article titled Escape From New York City (April 21, 2020). It tells the story of several couples who left the city seemingly for good. This article was written before the recent disruptions.

Speaking about one … Read More

How Powerful Is The Fed?

There are few things people want me to opine on these days more than what I think will happen to the market in light of all the COVID and economic uncertainty, and what I think about big tech in light … Read More

Good And Bad Behavior Are Both Habit-Forming

In Laura Ingalls Wilder’s Famer Boy, there is a story about Almonzo and his father going fishing—especially about the effort it required to decide to fish.. It begins thus:

Sometimes he woke in the morning and heard rain drumming on … Read More

$1900 Gold Will Depress Growth — So Did $1200, $500, And $36 Gold

If Tom Brady wanted, he could be the NFL’s fastest player. His personal trainers or someone on the Tampa Bay staff would simply need to redefine two seconds as one second, at which point Brady’s 6+ second 40-yard dash time … Read More

Constitution Of Liberty

In his book, The Constitution of Liberty, Austrian economist Friedrich Hayek disclosed that, “Not only has liberty nothing to do with any other sort of equality, but it is even bound to produce inequality in many respects. This is the … Read More

The Best Investment We Can Make With Our Money

Making decisions about where and how to invest your money is difficult. If it were easy there would not be 24-hour financial news channels, endless articles on the next hot investment, and thousands of financial advisors across the country. When … Read More

How Conservatives Can Combat ‘Woke’ Shareholders

With contributions by Charles Bowyer. Published May 27th, 2020.

In the battle over woke capitalism, conservatives have largely been MIA. Ideologues on the left, although relatively small in number, have not, and the results are there for all to see. … Read More

Does Money Really Make Us Happy?

A few years ago, I travelled to Peru. I wasn’t there for mission work or any noble cause, I was simply visiting to feed my love of travel, learn about a new culture, and put my recent Spanish lessons to … Read More

The Threat To Free Speech Is Real

Several years ago, in a Washington Times opinion piece, I wrote that major social media sites such as should be treated as public utilities. Government should not be allowed to censor or control these outlets. However, just as an … Read More

Even Angels Couldn’t Make Socialism Work

Before the collapse of the USSR, Russian workers would say, “We pretend to work and the government pretends to pay us.” Today, people who favor free markets often say that socialism would work if humans were angels, pointing to the … Read More

Will Vaccines Become A Bridge To Nowhere?

The monthly U.S. budget deficit for June 2020 was a heart-stopping record $864 billion. For reference, last year’s deficit for all of fiscal 2019 was just under $1 trillion. In other words, the June deficit was almost as much … Read More

Financial Certainty In A Time Of Global Uncertainty

You’ll only have to read a few sections of today’s Dividend Cafe to be reminded of the uncertainty that exists around the world today.  Europe may seem to have rectified some parts of their uncertainty, but they invited new uncertainties … Read More

When Do Emerging Markets Tend To Outperform Developed Markets?

We previously established that emerging markets (EM) tend to outperform developed markets (DM) a majority of the time. When does EM outperform DM? Is there a pattern to this over time?

The chart below shows the correlation between level of … Read More