Category Archives: Weekly Market

Thoughts on Trade. When the report on international trade came out earlier this month, protectionists were up in arms.

Thoughts on Trade

Thoughts on Trade. “Economic nationalists” from both sides of the political aisle think this situation is unsustainable…Running a trade deficit means the US gets to buy more than it produces. In turn, we have this ability because investors from around the world think the US is a good place to put their savings, leading to a net capital inflow that offsets our trade deficit.

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Ignoring the Invisible Hand

Ignoring the Invisible Hand. Traveling around the country with our high school juniors looking at colleges, hither and yon… we notice on our visits: at some point, the college admissions officers in charge of the meeting will talk about great accomplishments by students or recently-graduated alumni. Invariably, the accomplishments are volunteer efforts of various sorts that help people in some far off land or, sometimes, here in the US.
“Making the world a better place” is not just about volunteer work; it’s about personal ambition and desire mixing with the invisible hand to raise the standard of living for everyone.
Capitalism isn’t a dirty word and the long-term success of our civilization means making sure our children know it.

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When Volatility is Just Volatility

When Volatility is Just Volatility

Stock market volatility scares people. So, we watch the Four Pillars. These Pillars – monetary policy, tax policy, spending & regulatory policy, and trade policy – are the real threats to prosperity. Right now, these Pillars suggest that economic fundamentals remain sound.

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