Cartoon of the Day: Financial Advice

Love of Theory is the Root of All Evil

Sunday Verse: Weldon Kees

1926

The porchlight coming on again,
Early November, the dead leaves
Raked in piles, the wicker swing
Creaking. Across the lots
A phonograph is playing Ja-Da.

An orange moon. I see the lives
Of neighbors, mapped and marred
Like all the wars ahead, and R.
Insane, B. with his throat cut,
Fifteen years from now, in Omaha.

I did not know them then.
My airedale scratches at the door.
And I am back from seeing Milton Sills
And Doris Kenyon. Twelve years old.
The porchlight coming on again.

~ Weldon Kees

Brands

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This looks like a great buy list at the right price for the long-term stock accumulator. Too bad Mars is still a private company.

Will Higher Taxes Balance the Budget?

Why is cutting spending never an option on the table? In this video Antony Davies explains why higher taxes won't balance the budget.

The government spending tsunami has almost engulfed the working class. Today, even the suggestion of taking money away from any bureaucracy, special interest or constituent group is greeted with wails and threats to reelection. So it will take a group of principled politicians to lock arms together and do it. Of course, a principled politician is rather like a unicorn -- exceedingly rare, if not non-existent.

There are the low-ball spending projections from the CBO:

Judge Napolitano: What Happened to America?

Many who are heavily invested in or subsidized by big government will suggest that people like Judge Napolitano are on the fringe, that his ideas are quaint, and those who still espouse those ideas are crude troublemakers. But the idea of limiting government is neither quaint nor obscolete. It is the principal the United States was founded under and is still mankind's last great hope. It is not so much an ideology, but a meta-politic designed to give rise to the most diverse possible ways of living and pursuing happiness. It requires freedom. It is the latticework of peace. Indeed, here's a question: when we consider modern history we have to ask: what organization has committed more atrocities, religion or government? There is simply no contest. Governments, if they are necessary at all, must have their powers checked.

Why Not Print More Money to Solve All of Our Problems?

Quote of the Day: Burton Malkiel

No one has ever become rich by being a long-term bear on the fortunes of the United States, and I doubt that anyone will do so in the future. This is still the most flexible and innovative economy in the world.

~ Burton Malkiel