If you don’t want to be on the consumed side of government (and we do not have to be), then how should you negotiate with government and what type of government should you be voting for? Continue reading Biden pushes consumption not wealth creation
No entrepreneur should pursue an ego-laden plan to build a business, which includes the renting of physical and labor resources. Any renting should be limited to renting additional funds from a bank or other investors. Also, in the case of predatory pricing, the entrepreneur-venture capitalist should audit her external and internal communications to ensure that they are not connected to inquiries about predatory pricing. Continue reading Corporations: Revamping the corporate form to protect against allegations of predatory pricing.
Blacks blew this one. The next phase is for blacks to take control of the policy agenda; to go into the courtrooms and legislatures to add meat to the compelling interests of the State. Continue reading Blacks blew affirmative action all on their own. Now to the next phase …
At its meeting today, the Board decided to increase the cash rate target by 25 basis points to 4.10 per cent. It also increased the interest rate paid on Exchange Settlement balances by 25 basis points to 4.00 per cent. Continue reading Statement by Philip Lowe, Governor: Monetary Policy Decision
The takeaway: The role of government is to feed the bond markets … Markets are not the creation of people. Markets are the creation of kings and courts designed to encourage the efficient extraction of energy, yield, and taxes. The king’s currency is a derivative of real money, the yield and energy produced by the … Continue reading Interbank Market News Scan: Fed funds, bitcoin, and foreign exchange rates at 9:40 am EST
You would swear that America has a labor centric economic policy especially when jobs day comes around. The labor centric sentiment is fleeting. The inordinate amount of attention that is given to the Federal Reserve and monetary policy tells me its more about the financial markets and a lot less about the labor markets. Continue reading Interbank Market News Scan: The real free market is the one between commodities owners, merchants, and traders.
The Federal Reserve Discount Window rate is up to 5.25% after the Federal Open Market Committee decided yesterday to increase its fed funds target range to 5.00% to 5.25%. At this writing, the Federal Funds Futures quote is 95.31 which reflects an average effective fed funds rate of 4.69%. Given that the target range was … Continue reading Interbank Market News Scan: What the fed funds futures market is telling me …
The takeaway: Should the State change its economic policy … The Government (the Executive and his Cabinet), with State approval, chooses capitalism and democracy as the political economic plan (policy) for managing the nation-state’s tax and profit extraction process. Since government is a human system, its managers will go off script and introduce chaos into … Continue reading Should the American State return to mercantilism?
The takeaway: Underwrite the political management company that understands yield… A very simple model of the needs of the State includes sustenance from bond yields, rents, and commodity prices. The Executive executes State power. The Congress codifies State power. The Judiciary clarifies State power. To maximize the yields acquired by the State, these powers should … Continue reading The political party that wins the franchise on government should always think about yield.
Lawyers Write the Bets. Bankers Sell the Bets. 