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Market Rhetoric

A few quick words about recent market action/commentary: The chart above shows the past 3 months, which these days count as an uptick in volatility. At least, when compared to the mostly upward move since March 2020. I don’t usually pay much attention to television […]

Angelo Codevilla RIP

Angelo Codevilla died on September 22. Here’s Steve Hayward’s obituary, here’s Michael Walsh’s and here’s Brendan Dougherty’s. I met Codevilla only once, a few years ago, thanks to my dear friend Jim Lucier. Some may remember him for his translation of Machiavelli’s The Prince , […]

A Lone Voice of Reason at UT

Inside Higher Ed covers the proposed Liberty Institute at the University of Texas – and makes an admirable effort to talk to academic dissidents. My friend Richard Lowery speaks: Not all professors are so skeptical of the Liberty Institute, as they understand it thus far, […]

2023 Genesis GV60

The parade of new EVs with innovative technologies continues to grow. A case in point is the latest offering from Genesis, the luxury vehicle division of Hyundai. The GV60 is the newest model, and it shares an EV platform with stablemates like the Hyundai Ioniq […]

Is California still a trendsetter?

When I was young, people used to say that global trends started in America and American trends began in California. One famous example was Proposition 13, which signaled a broader tax cut movement in many other states and countries. California recently passed a couple of […]

10 Friday AM Reads

My end of week morning train WFH reads: • Americans Have No Idea What the Supply Chain Really Is Much of the country’s pandemic response has treated us as somehow separate from the rest of the world and the challenges it endures, but unpredictably empty […]

Avoiding Biases: Lessons from Michael Huemer

The featured image of this post is a photograph I took two weeks ago less than a mile from my home in Maine. It is only illustrative but, I think, powerfully illustrative. In evaluating the truth, objectivity requires one to check one’s own biases. It […]

What If Things Go Right?

The Covid crash recovery (March 23, 2020 to present) was starting to look like it was on shaky ground: High equity prices, an uptick in market volatility after a period of tranquility, concerns about the Federal Reserve ending QE + low rates, credit problems with […]

Breaking News: Unrealized Capital Gains are Not Taxed

University of Michigan economist Justin Wolfers tweets: Stunning new estimates suggest that the 400 wealthiest American families paid an average Federal tax rate of only 8.2%. Wow, I thought. That is stunning. It’s true that a large percent of Americans have a zero average federal […]

Angry Bears

In a comment replying to MikeP about my post “Preach What You Practice,” September 20, 2021, I made the point that acting rationally often involves going along with something that doesn’t make sense because the penalties are substantial. I wrote: Something that helps me deal […]