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Beware of political strategists. Your goal is to become an agent of State power…

You should beware of today’s political strategist. Their job is to sell you on the idea of voting for certain candidates at best and, while they struggle with economics 101, sell you on proposed policies and legislation that supposedly are created to meet your self-interest. None of these strategists know you, but, according to their focus group … Continue reading Beware of political strategists. Your goal is to become an agent of State power…

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Joe Biden and the word salad that is democracy.

A short piece in Bloomberg this afternoon briefly laid out U.S. president Joe Biden’s strategy for beating possible Republican Party nominee Donald Trump in the November 2024 general election. Sharing a quote from Mr Biden’s campaign manager as cited by Bloomberg: “We are treating this election like it will determine the fate of American democracy – … Continue reading Joe Biden and the word salad that is democracy.

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In regard to Claudine Gay, black excellence has its limits.

Bill Ackman, a billionaire hedge fund manager, called out Harvard University president Claudine Gay as a beneficiary of diversity, equality, and inclusion. DEI, like CRT (critical race theory) is a concept I can do without. Both bowls of socio-politico alphabet soup are used by the political left to garner electoral votes. The concepts in the end do not … Continue reading In regard to Claudine Gay, black excellence has its limits.

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The Court’s role in supporting monetary policy.

At times I think that traders and bank depositors operate in sandboxes oblivious to the rest of the playground that surrounds their play area. The media offers enough noise to distract market participants from the philosophy that orders the interaction between the State, the banking system, and transactional markets. I consider banks to be the retailer of … Continue reading The Court’s role in supporting monetary policy.

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The federal funds rate: In the end, is it not about supporting the banking system?

The Federal Open Market Committee is set to meet on December 12-13, 2023 to determine the target range for the federal funds rate. The federal funds rate is the interest rate at which depository institutions lend balances held either at the Federal Reserve or in their bank vaults to other depository institutions overnight. The current … Continue reading The federal funds rate: In the end, is it not about supporting the banking system?