Last summer, I highlighted famous Canadian whisky producer Sam Bronfman's claim that the greatest invention in history is interest. I then posted on how to get rich slowly and drew strongly on the idea of compound interest. Of course, I take the principle to mean compound dividends also; that is, investing in stocks and then reinvesting the dividends in more stocks.
Recent statements from United Nations officials, that Iran is already blocking their existing efforts to keep track of what is going on in their nuclear program, should tell anyone who does not already know it that any agreement with Iran will be utterly worthless in practice. It doesn't matter what the terms of the agreement are, if Iran can cheat.
In the sixth century BC, King Cyrus the Great founded the Persian Empire, the largest realm in human history to date. His advisors suggested that Cyrus relocate his people from their rugged homeland in southwestern Iran to a more imperial seat in one of the lush lands that they now controlled. Cyrus said no; he called the plan a recipe for ruin...
By a California governor’s second - term inaugural address is a good indicator of how the term - limited chief executive of America’s nation - state plans to ride off into the sunset.
Over the past decade, we have seen an astonishing recovery of America’s position as a major producer of fossil fuels. In the case of natural gas, the reserves in North America appear extensive enough to sustain most of the energy demands of the American, Canadian, and Mexican economies and still export substantial amounts of that crucial energy well into the next century.
An op-ed piece titled "Conservatives, Please Stop Trashing the Liberal Arts" appeared last week in the Wall Street Journal. But it is not conservatives who trashed the liberal arts.
In their article “Mandatory Food Labeling for GMOs” (Winter 2014–2015), Thomas Hemphill and Syagnik Banerjee mentioned proposed federal legislation intended to circumvent differing state mandates on the labeling of foods containing genetically modified organisms (GMOs).
Hoover fellow Kevin Warsh says the markets have been "absolutely spoiled by the Federal Reserve" and its accommodative monetary policy since the depths of the 2008 financial crisis. The inflation excuse for not rushing into rate hikes is not sound, he said. "The reality is inflation is not a problem;" it's not too low.
Hoover fellow Kevin Warsh says the financial markets have Fed Chair Janet Yellen's number. The "taper tantrum" back in the days of quantitative easing bond purchases and now the "dollar tantrum" ahead of possible rate hikes each forced central bank policymakers to reconsider their timing. "This is a very dangerous development," he argued, with the tail wagging the dog.
mentioning Hoover Institutionvia e21, Economic Policies for the 21st Century
Monday, March 30, 2015
This month I was privileged to be a speaker in a conference on the future of modern conservatism sponsored by the Hoover Institution and the Coolidge Presidential Foundation.
