Chairman Powell’s response to the Trump Administration’s grandstanding grand jury investigation tells you all you need to know about why the Eccles Building needs to be shuttered. And we do mean lock, stock and barrel—its $2.5 billion renovation to the contrary notwithstanding. That’s because anything useful that could be done by the Washington Federal “Reserve” […]

When it comes to the national security front, Donald Trump is flat out losing it. After all, WTF was he thinking with respect to—- ……A $1.5 trillion defense budget? ……Kidnapping the president of a sovereign nation? ……Putting Mexico and Columbia on deck for the next drug fumigation? ……Essentially promising to militarily enable regime change in […]

Let’s start with some basics. The very idea that the Donald’s wild-ass TariffPalooza could actually be working is just plain nuts. It’s not worthy of serious consideration because you can’t tax your way to prosperity. Period. But first we need to treat with the insane hoopla that erupted Thursday AM when CNBC reporter Rick Santelli […]

When some long ago wag invented the phrase “shoots from the hip”, he must have had a certain future president of the United States in mind. Indeed, by now we all know that Donald J. Trump does not have a single ounce of principle in his bones nor any policy compass to guide his mind […]

The Venezuela saga gets more cockamamie by the day. It turns out that the predicates for kidnapping the president of a country that poses no threat whatsoever to America’s Homeland security are about as threadbare (and even comical) as they come. For instance, did the DOJ writers of the superseding indictment of Maduro and his […]

Until the Donald came along, Nixon’s feckless War on Drugs was surely among the stupidest projects of state ever conceived on the banks of the Potomac. As we show in detail below, Washington’s writ criminalizing cocaine raises the price from about $1,000 per pound based on the pure economics of farming, processing and distribution to […]

If you don’t think the Donald is full of hot air when it comes to his unhinged bragging about the allegedly booming US economy, take a gander at the chart below. In the juxtaposition of Y/Y growth rates between earned real income ( blue bars) and real personal consumption spending (red bars), the folly of […]

Part 1 There must have been something in the District of Columbia waters that permanently impaired the brain function of a small group of economists and pundits who were hanging around the White House during the first half of the 1980s. Although President Ronald Reagan’s attempt to restore the old time GOP religion of small […]