WASHINGTON, DC – MAY 15: (L-R) Rep. Lisa Blunt Rochester (D-DE), Speaker of the House Nancy Pelosi (D-CA), Senate Minority Leader Charles Schumer (D-NY) and other Congressional Democrats hold a rally and news conference ahead of a House vote on health care and prescription drug legislation in the Rayburn Room at the U.S. Capitol May…
Facade of the Marriner S Eccles building of the United States Federal Reserve, on a bright and sunny day in Washington, DC, United States, July 24, 2017. (Photo by Smith Collection/Gado/Getty Images) Getty Images Markets are information. They’re constantly pricing the known and unknown, with “markets” a perfectly apt descriptor since no one agrees about…
Notorious gangster Al Capone attempts to help unemployed men with his soup kitchen “Big Al’s Kitchen for the Needy.” The kitchen provides three meals a day consisting of soup with meat, bread, coffee, and doughnuts, feeding about 3500 people daily at a cost of $300 per day. Bettmann Archive Thoroughgoing Keynesian Ben Bernanke once quipped…
WASHINGTON, DC – APRIL 30: U.S. President Donald Trump (L) listens as Nvidia CEO Jensen Huang speaks in the Cross Hall of the White House during an event on “Investing in America” on April 30, 2025 in Washington, DC. Trump was joined by CEOs to highlight companies and their investments in the United States during…
SUN VALLEY, IDAHO – JULY 14: Warren Buffett, Chairman and CEO of Berkshire Hathaway, makes his way to a morning session at the Allen & Company Sun Valley Conference on July 14, 2023 in Sun Valley, Idaho. Every July, some of the world’s most wealthy and powerful figures from the media, finance, technology and political…
WASHINGTON, DC – DECEMBER 06: Jamie Dimon, Chairman and CEO of JPMorgan Chase, testifies during a Senate Banking Committee hearing at the Hart Senate Office Building on December 06, 2023 in Washington, DC. The committee heard testimony from the largest financial institutions during an oversight hearing on Wall Street firms. (Photo by Win McNamee/Getty Images)…
Facade of the Marriner S Eccles building of the United States Federal Reserve, on a bright and sunny day in Washington, DC, United States, July 24, 2017. (Photo by Smith Collection/Gado/Getty Images) Getty Images The Fed’s mandates are rooted in endless fallacy, most prominently the discredited Phillips Curve which says economic growth causes prices to…
PHOENIX, AZ – February 29: General Manager Billy Beane of the Oakland Athletics stands in the … More clubhouse during a spring training workout at Papago Park on February 29, 2012 in Phoenix, Arizona. (Photo by Michael Zagaris/Oakland Athletics/Getty Images) Getty Images Charlie Munger famously said, “It’s remarkable how much long-term advantage people like us…