25 Oct 2013

Posted at 14:24h in The Friday Brief by
Despite the disruption of a two-week shutdown and media warnings of impending financial doom if the debt ceiling was not raised, the stock market and the Treasury market have done surprisingly well. Both, of course, have more to do with continued government influence than with economic drivers.

18 Oct 2013

Posted at 12:28h in The Friday Brief by
The barricades are down, the parks, monuments, and museums are open, the pandas are back on TV, licenses, passports, and IRS letters are being issued, and government workers can resume work and consuming. Headlines focus on the futility of the effort and disarray within the Republican Party, with some suggesting 'civil war.' Traditional backers from main street to Wall Street are furious with both the Tea Party and the leaders who allowed the derailment. And Democrats are doing their best not to gloat.

15 Oct 2013

Posted at 18:06h in The Friday Brief by
These are difficult times for Americans as we watch in disbelief our government's continued dysfunctionality in the face of impending crisis. The rising shrill of the media and political jabs only make matters worse. We wanted to share some facts we hope will assuage fears and put the current situation in a more realistic context.

11 Oct 2013

Posted at 11:01h in The Friday Brief by
The real tragedy facing America is not the latest debt ceiling debate, or government shutdown, or for that matter, whether the Fed decides to 'taper' or not. Rather, it is the lack of engagement by far too many Americans to understand things as basic as how our government works, how ill-suited our welfare system is for lifting people from poverty, and how unchecked growth in government entitlements will eventually swamp our economy. Given today's headlines, let's focus on the first one.