COVID-19 Proves the Nanny State Does More Harm than Good
You might call it the “curse of good intentions”: an action we take upon ourselves or require others to take in the expectation it will improve things for us as individuals or for society.
You might call it the “curse of good intentions”: an action we take upon ourselves or require others to take in the expectation it will improve things for us as individuals or for society.
An economic truth I revisit periodically is that every fiat currency (a medium of exchange without intrinsic value or without backing by a commodity with intrinsic value, such as gold) will eventually became worthless.
Last summer, I spent a weekend in Michigan with a group of old friends from high school. A highlight from the trip was a visit to Sleeping Bear Dunes National Lakeshore.
Humpty Dumpty sat on a wall,
Humpty Dumpty had a great fall.
By the time you read this, Congress may be putting the finishing touches on a $1 trillion bailout to help America cope with the economic fallout from the COVID-19 pandemic.
Do you remember the first time you realized the government was lying to you?
A decade or so ago, a client I’ll call Will hired me to give him a list of tactics to prepare for an unforeseen natural or man-made disaster. I presented my research to him when we met a few weeks later.
The island of Nevis covers just 36 square miles, has 12,000 full-time residents, several hundred hotel rooms, and a tiny airport.
Our planet’s climate has been changing for billions of years. And it will continue for billions more, until our sun becomes a “Red Giant,” devouring the inner planets in the Solar System, including ours.
The world is smaller than ever. After just a seven-hour flight from the US East Coast, you could be in Austria, checking your gold into one of the safest, most private vaults in Europe.
“The empire on which the sun never sets.” That phrase was first attributed to a priest named Fray Francisco de Ugalde, uttered to King Charles I of Spain during the 16th century.
At the end of this past August, an astonishing $17 trillion in global debt had negative yields. About 30% of investment-grade bonds had yields below zero.
If you’re depending on social security or a traditional pension plan to pay for your retirement, chances are you’ll need to work until you die.
Last February, the Supreme Court unanimously ruled that the Eighth Amendment prohibition against “excessive fines and fees” applies to civil forfeiture cases...
Did you know Hollywood star Nicholas Cage played Lois Lane in a Superman movie? Or that Facebook founder Mark Zuckerberg once boasted that the social media giant has “total control of billions of people’s stolen data?”
Given shifting attitudes, it’s harder to publicly argue in favor of offshore investing than it once was.
Many Americans believe that the federal income tax as it’s now imposed is likely unconstitutional.
A fundamental injustice of US tax law is that it discriminates against the approximately nine million Americans who live in other countries.
The Financial Action Task Force on Money Laundering (FATF) is perhaps the most important organization you’ve never heard of. The G-7, which is essentially a club for the world's wealthiest nations, set up the FATF in 1989.
Tomorrow is the 18th anniversary of four coordinated attacks in the US by Al Qaeda operatives that killed nearly 3,000 people.
Italy is an amazing country with a long history, outstanding food, great wines, and unsurpassed culture. But it’s facing an economic and political crisis that will lead to a global financial collapse.
President Trump says that “trade wars are good and easy to win.” Unfortunately for the US, that’s simply not true.
It’s here, or at least nearly here. “It,” in this case, is another recession. We can debate the causes – an escalating trade war between the US and China, too much dodgy debt, the end of the longest bull market in history, or perhaps all three.
A billion here, a billion there, and pretty soon you're talking about real money.
In 1984, Paul and Vicki Terhorst decided to retire at the ripe old age of 33.
Master Archie Harrison Mountbatten-Windsor was born on May 6, 2019, at a London hospital. There was nothing especially remarkable about Archie’s birth.
The tax-and-spenders of the world are desperate to find new ways to pay for the crumbling welfare states of western democracies. And they’re targeting the “rich” to do it.
Last week, social networking giant Facebook announced that it plans to create what it calls an “alternative financial system” based on a cryptocurrency called the Libra.
Like Eugene Debs, Assange has long been a thorn in the side of the rich and powerful. When Assange founded WikiLeaks in 2006, he declared ...
I sleep better at night knowing that ever-vigilant defense contractors and the politicians they’ve bought and paid for are making certain that America won’t be overrun by Communists, Islamic terrorists, or anyone else.