I was on Twitter talking about how Donald Trump knows nothing about monetary policy and how Jerome Powell and the Fed should ignore him. It’s true. Trump really knows nothing [ … ]

The annual parade of Wall Street forecasts are starting to rollout. I will be honest – I love these things like a fat kid loves cake. It’s fun to try [ … ]

Successful investing is often more so about how to avoid bad ideas than it is about finding the right ideas.¹ In the last year there has been no place worse [ … ]

It takes an unusually stupid person to disagree with John Bogle so I’m happy to announce that you’re reading that unusually stupid person. I’ve disagreed with Bogle on numerous occasions [ … ]

The Le’Veon Bell drama has created some financial excitement in the NFL. For those who aren’t familiar with this situation, here’s the short version: Bell, who plays for the Pittsburgh [ … ]

Here are some things I think I am thinking about.

Many people think that the purpose of a Constitutional Republic was to protect against the tyranny of the government, but the founders of the United States also wanted to construct [ … ]

There was a big blogosphere kerfuffle in the last few weeks between some Modern Monetary Theory (MMT) people and a bunch of economics and finance people I greatly respect (Simon Wren-Lewis, [ … ]

Whenever the market falls people wonder why it’s happening. There are always lots of creative stories and they’re probably right to some degree, but the reality is that the stock [ … ]