Right up there with the Abu Ghraib prison and Gitmo, a shopping mall is one of my most unfavorite places. My annual Christmas trip to the mall this year was especially bad … rather depressing, in fact. The place was mobbed, as though people were determined to have one last go [...]
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As religious fanaticism continues to pester civilized people, one wonders how civilization has managed to advance as far as it has. One would have thought that by this time, religious fanaticism and intolerance would have become passé. Religion aside, it would seem that the least everyone could agree on is a [...]
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Eliminating the Two-Headed Snake of The American Education System So, what is the insidious two-headed snake that plays havoc with our children’s lives throughout their school years? I am referring to none other than (1) the government and (2) the National Education Association (NEA). One time, loud and clear: The government [...]
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In Part I of this article, I offered some examples of people who seem to have paid for their bad deeds with “compound interest” added. The belief that everything that goes around comes around is a comforting view of the world, but two other possible scenarios destroy the idea that the [...]
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When asked what he believed to be the greatest discovery of the 20th century, Albert Einstein is said to have answered, “Compound interest.” And wealthy people — you know, the ones who clip debt-instrument coupons as a pastime — would undoubtedly agree with him. Compound interest, however, can accrue on things [...]
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A recent Time cover displayed a mockup of Barack Obama decked out to look like FDR. And if you caught the special about FDR that The History Channel did about a week ago, you can understand why. BHO, a master at recycling old, tried-and-failed ideas — ideas that have never enhanced [...]
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Right now, we’re in a deflationary period, which, as I have explained, is a good thing for the economy long term. It cleanses the market of excesses and forces people to be more frugal, more prudent, and more rational in their planning and spending. As I shared with you in Part [...]
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Could we actually be headed toward a massive deflation — perhaps a deflationary depression? To me, the bottom line is that the political buffoons in D.C. have things so screwed up that no one can predict with certainty exactly how our economic debacle is going to play out. The only thing [...]
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Another one of those dimwitted financial experts recently popped up on CNN and said that she believed the economy would start “turning around” by the end of the first quarter of 2009. She offered four reasons: Banks are now lending to each other. (So?) Government programs are working. (They are?) Consumer [...]
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I thought long and hard before chiming in on the latest O.J. saga. Since everyone is now pretty much in agreement on the character of this psychopathic primate, I’m not interested in getting in a few “me too” jabs. Nevertheless, as I watched O.J. near tears in court, the word karma [...]
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Now that I’m finally back down to my playing weight, I can tell on myself: I was a bad boy on Thanksgiving. To steal a couple of my own (old) jokes, the way I ate, I was lucky the universe was expanding. They say no man is an island, but I [...]
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Back in the early eighties, when I was publishing my newsletter The Tortoise Report, the thought crossed my mind that the crumbling U.S. empire might find itself breaking up into smaller pieces — as Rome and the British Empire did. When it comes to ruling over people, even I agree that [...]
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In Part I of this article, I said that a high ratio between executive pay and worker pay is neither good nor bad – that it is, in fact, irrelevant. Why? Because in a truly free market, “employee rights” have nothing to do with it. An employer would decide what he [...]
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It seems like yesterday that seedy Michael Moore was ranting and raving about General Motors laying off thousands of workers in a year when the company’s profits were in the neighborhood of $5 billion. Too bad he didn’t get his way, because it would have put GM out if its misery [...]
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I had a dream last night that my unsubscribe link sent me an e-mail saying, “Would you please stop taking on divisive issues and stick to the touchy-feely stuff?” Just to be obstinate, my answer to that request was to write this article. You’re probably familiar with Gianna Jessen from an [...]
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