Letter On The Politicization Of Corporations

I am part of a team that designs and manages investment funds. My colleagues and I have become increasingly concerned about the politicization of publicly traded companies. Rather than boycott or complain, however, we decided to talk to the managers … Read More

Peak Of The Fake Bull Market

We are probably very close to the peak of this ersatz bull market and economy. Peak vaccination distribution, along with the peak optimism about the vanquished pandemic and the re-opening of the economy. U.S. corporations are experiencing peak profit … Read More

Woodrow Wilson’s Administrative State vs. Gold

Statists like Woodrow Wilson and the very influential economist Irving Fisher desired, lobbied, and worked to establish an Administrative State, which would upend the gold standard.

Similar to Woodrow Wilson, economist Irving Fisher believed that technocrats in an Administrative … Read More

Dividends, Energy, And Crypto

A trend that has to be avoided

At the core of a dividend, growth philosophy is, well, dividend growth.  It is one thing to have a very subpar income flow from market indices (the S&P 500 ETF yield is 1.27% right … Read More

Whose Side Are You On?

“Whose side are you on?” sounds like a schoolyard challenge. Increasingly, however, it’s a valid question Americans have been asking about the nation’s political, cultural, and educational elites.

The unease is unlike the usual controversies arising from differences in opinion … Read More

Media, Left Ignore These Dangers

The media has refused to dwell on the reality that America and its allies are imperiled as never before since the Biden Administration took office.

Russia has attacked a key pipeline (don’t believe the criminal organization story; nothing happens in … Read More

Mark Skousen On FreedomFest And How To Measure The Whole Economy

Dr. Mark Skousen of Chapman University has accomplished a rare achievement in economics: he has created an alternative to GDP and persuaded the Bureau of Economic Analysis to track and report it along with GDP. The theoretical foundations of Gross … Read More

Quantifying The Quantitative, Or Making Easy The Easing

most of you, before the financial crisis, I had never heard nor uttered the term “quantitative easing.” This somehow became completely standard fare in the lexicon of finance in the last 13 years, and it is now uttered by people … Read More

The Gold Standard Means A Rising Standard Of Living

The Gold Standard gives a monetary system the best stable foundation; no other civilization has found a better way to do this. The Gold Standard, to our knowledge, creates the underpinning for an economic system under Natural Law. This … Read More

Book Review: Brian Domitrovic Reveals The Monetary Genius Of Arthur Laffer

In his classic 1992 book about the Ronald Reagan 1980s (and so much more), The Seven Fat Years, Robert Bartley described the great Arthur Laffer describing the universality of credit. It goes like this:

“Laffer would draw a tiny black box in the … Read More

Steve Forbes: Time To Worry About Inflation, Not Hyperinflation

In a recent interview for my podcast, Meeting of Minds With Jerry Bowyer, Steve Forbes, Editor-in-Chief of Forbes Magazine, Chairman of the Board of its parent company, and former presidential candidate, joined me to talk about the rising risk of inflation. … Read More

UFOs Rescue Biden

By any measure, the Biden Administration is in deep trouble.

Since taking office, The U.S. Southern Border has devolved into chaos. The Chinese and Russians are returning to aggressive acts that had not been seen since the Obama-Biden White … Read More

Read This Classical Economist’s 200 Year Old Warning About Paper Money

In 1817, economist David Ricardo issued the same warning as Ludwig von Mises and Murray Rothbard (see Milton Friedman’s Flaw) gave years later. Ricardo acknowledged the usefulness of paper currency, but only as long as it is ties absolutely to … Read More

How Central Banks Murdered The Markets

The Japanese Government Bond market is nearly $10 trillion in size. It is the 2nd biggest bond market in the world. However, it comes as a shock that this humongous market barely trades any longer.

The government of Japan has … Read More

Everything There Is To Know About The Stock Market

Today I am going to do something an investment manager who writes about investing all the time ought to do more – I am going to talk about the market.

Now maybe you think I do that all the time, … Read More

AT&T CEO: We’re Ill Equipped For Politics, And We’re Spending A Lot Of Time On It

With contributions by Charles Bowyer.

Should the management of AT&T, the world’s largest telecommunications company, be spending “a lot of time” on political issues? Most people would likely say no: AT&T is a corporation, not a Super PAC. Yet at the company’s … Read More

Internet Bias Distorts National Conversation

Google is the predominant vehicle for research. That presents key challenges to a nation in need of objective information.

According to a study by Pew Research, educators report that students overwhelmingly use Google for research, to the extent that “Research = … Read More

The Halfway Point Of 2021

I have always had a sort of unfair pet peeve with people talking about time moving either too fast or too slow.  I think what I hate is the thoughtlessness of it – the sort of expected cliche when someone … Read More

Milton Friedman’s Flaw

The great free-market economist Milton Friedman was not perfect in his theories as he, too, supported governments controlling the money supply and the monetary policies reinforcing such a system.[1] The reputable economist Ludwig von Mises aptly clarified in 1944 in … Read More

Our Problem Is Cultural And No Election Can Heal It

Much of the heated debate flaming across the nation is not political. It is, instead, indicative of a vast cultural divide that no single election can properly address or totally heal.

Covid exposed some of the rift that has developed. In an … Read More

Os Guinness On The Left’s Long March From Counterculture To Oligarchy

I recently had a discussion with British author and critic Os Guinness over the new addition to his first major work, The Dust of Death, as well as his new book, The Magna Carta of Humanity. As a decades-long reader of Os … Read More

The Crushing Loss Of The Gold Standard

As previously discussed in several of my articles (see A History of Deflation and Prosperity and The Federal Reserve has Failed and Inflation is Destructive), inflation inherently discloses government intervention in a free market system and society. This includes monetary intervention as … Read More

15% Nominal GDP With A 1.5% Benchmark Treasury Yield?!

The Producer Price Index for the month of May was up 6.6% year over year. This was the greatest yearly increase since the Bureau of Labor Statistics began tracking the data. In addition, the Headline Consumer Price Index rose 5% … Read More

A Timeless Principle In These Current Events

The weird week in the markets doesn’t change what I want to be doing with each Dividend Cafe. The market was up ~1,000 points on the week on Thursday, with pre-market futures pointing to a +100 point open on Friday … Read More