Battle of Wits BALTIMORE – On Wednesday, the Dow rose over 18,000, for the first time since April. Hillary is riding high, too. She is a pro. She has the entire Deep State behind her – including almost every crony and zombie in the country – and a political machine that can turn out more claptrap than any in history. While her opponent rambles incoherently and mindlessly, every phrase from Hillary’s mouth is a...
Read More »The Trump Risk: Will President Trump Trigger a Recession?
Home of the Brave? BALTIMORE – It is a bright summer day outside. A dry breeze sweeps down Cathedral Street and blows away the hot, humid air. It is hard for us to imagine that anything bad could happen today. But bad things do happen – even on nice days. The weather was fine when General Custer rode out to the Little Bighorn, too. Over the weekend, we worked at putting up a board fence – with half-round treated...
Read More »Free Speech Under Attack
Offending People Left and Right Bill Bonner, whose Diaries we republish here, is well-known for being an equal opportunity offender – meaning that political affiliation, gender, age, or any other defining characteristics won’t save worthy targets from getting offended. As far as we are concerned, we generally try not to be unnecessarily rude to people, but occasionally giving offense is not exactly beneath us...
Read More »The Real Reason We Have a Welfare State
From Subject to Citizen BALTIMORE – June 5th, the Swiss cast their votes and registered their opinions: “No,” they said. We left off yesterday wondering why something for nothing never works. Not as monetary policy. Not as welfare or foreign aid. Not in commerce. Not never, no how. But something for nothing is what people most want. The Swiss voted against awarding all citizens a “universal basic income” of about...
Read More »Moving Closer to BREXIT
Pro-BREXIT campaigners Boris Johnson (ex-mayor of London) and Michael Gove (UK Secretary of Justice) are in a good mood. Photo credit: Paul Grover / REX Polls Show Growing Support for a Break with the EU In the UK as elsewhere, the political elites may have underestimated the strength of the trend change in social mood across Europe. The most recent “You-Gov” and ICM pools show a widening lead in favor of a UK exit...
Read More »Free Money Leaves Everyone Poorer
Groucho dispensing valuable advice Photo via imdb.com Destroying Lives BALTIMORE – A dear reader reminded us of the comment, supposedly made by Groucho Marx: “A free lunch? You can’t afford a free lunch.” He was responding to last week’s Diary about the national referendum in Switzerland on Saturday. Voters will decide whether to give all Swiss residents a free lunch – a guaranteed annual income of about $30,000 a...
Read More »Swiss Referendum: The new World of Bread and Circuses
Preposterous Initiative BALTIMORE – No whining and kvetching about the Deep State today. Instead, we sit at its feet, admire the cut of its jaw, and sing its praises. We are grateful to it… and not just as a source of amusement. In short, we delight in its incompetence. What brings this to mind is a small item in the news, which, like a pool ball careening across a felted table, knocked two or three others in their pockets before coming to rest. We had to go pluck each one out of its...
Read More »Grasping Parasites and Bernie the Underdog
The Parasite – easily the most terrifying Superman villain Image credit: Marvel The Parasites Begin to Attach Themselves BALTIMORE – “Tommy… who are you voting for?” We put the question to a local bulldozer operator whom we’ve known for at least half a century. Tommy, now 80 years old, is the last of a dying breed. He grew up plowing the earth to grow tobacco on Maryland’s Tidewater, on the western shore of the Chesapeake Bay. In the 1970s, when tobacco farming became unprofitable, he...
Read More »Arrant Star Trek Socialism
The new Utopian socialists believe that the latest capitalist gizmos will help them realize their dream of a society under the full control of socialist philosopher kings. Image via grundeinkommen.ch Robotic Utopia In spite of the fact that Marx expressed nothing but disdain for his Utopian socialist predecessors such as Henri Saint-Simon and Auguste Comte, variants of Utopian socialism evidently live on. The latest iteration of the socialist dream is firmly focused on the capabilities...
Read More »A Thank You to the Jackasses Running the Economy
Two of many symptoms of the much-bewailed “populist backlash”… Image via economyincrisis.org Rolling Back 200 Years of Growth BALTIMORE, Maryland – The press reported mixed financial news on Thursday. House sales, oil, unemployment figures… up, down… the news left investors puzzled. Stocks went mostly nowhere. But amid the confusing noise was the sound of an alarm: “Fall in U.S. productivity sparks fears of populist backlash as wages stagnate,” says a lumbering headline in the...
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