Wed, 20 September 2017
It would seem the Fed has been prepping the market for a big announcement. It's widely believed the Fed will announce once its intention to start shrinking it's balance sheet today.
Some of that might be confusing so let me clarify...
When the housing bubble burst, the Fed responded by creating trillions of dollars out of thin air. All that money has created bubbles in stocks, bonds, corporate debt, even art and real estate have been affected.
So what happens to the economy when the Fed finally says, "We're done, and we're going to start pulling the money back."
My hunch is we're going to see an economy that wakes up from its heroin-induced coma and falls apart.
Today we're going to discuss a great article from zero hedge that uses some mind-boggling facts about stock prices that will help put all of this into perspective.
I've also got a barn burner of a speech Maxine Waters gave recently. Get ready to be entertained and a little sick to your stomach.
Tue, 19 September 2017
I had intended to talk about Facebook today, but I ran off in so many different directions that I never got around to it.
Today we're going to talk about Trump's recent speech at the UN, Hillary's continuous campaign to blame everyone but herself for the election loss and we're going to chat about a San Diego professor who handed out extra credit to anyone who'd take a white privilege survey.
Really good show today,
Mon, 18 September 2017
Great article out of Zero Hedge today covering the current pension crisis in America. If you've listened to this show for any length of time, you know the public pension system is wrecked. But this article really went into detail about how it all might shape out in the end. Let's just say it's not a rosy picture. Like Mauldin says, "There are no good choices anymore."
I've got a lot of social stuff in the stack today. I want to talk a little about Brown University's decision to start segregated dinners after the recent clash with White Nationalists.
Depending on who you listen to you'll get very different opinions on this. I'd like to give you a practical one.
We'll also discuss the Republicans attempt to revive their Obamacare lite proposal. What can I say, read the fine print. Headlines rarely tell the full tale.
Great show today, thanks for listening and tell a friend! :)
Fri, 15 September 2017
This morning there was an attack in London. If you're at all up to speed on current affairs, you know that already.
North Korea also fired another missile over Japan.
The question I want to discuss today is, "What the heck do we do about it?"
Most people think we need to do "something." I'm not entirely convinced we do. Many wars could have been prevented by just not acting.
On the flip side, a lot of wars ended up being worse because someone was too cautious.
It's a delicate dance, and today we'll talk it through.
Thu, 14 September 2017
For the first time in more than a decade, the House managed to pass a spending bill before the end of a budget year. The way you should read that is, "It took more than a decade, but the House finally did their job."
They've got plenty of money to spend. This year the government has taken in a record amount of money, besting the last record by a clean 8.4 billion. But that hasn't stopped the spending machine from finding new ways to spend all that loot.
Even with record taxes the government still spent 673 billion more than it brought in.
I've said it before, and I'll repeat it now. It will never be enough. There isn't enough money on the planet to satisfy society.
All that today PLUS if you've felt a little overly masculated lately, you might want to check out a new program from Duke to help put you in your place. All that and more on the show today.
Thu, 31 August 2017
I have to say this is the most abrasive interview I've ever done. Nick, to his credit, asked to come on the show even after I warned him it was going to be a non-permissive environment.
Nick and I discuss the recent controversy with Tom Woods, the implications that Tom and others at the Mises Institute support white nationalism and the future of the Libertarian Party.
I'll let you draw your own conclusions as to who won this argument, but there's no question Nick and I differ on a host of issues.
Hope you enjoy the fireworks.
Tue, 29 August 2017
It pains me even to take time discussing the idiotic notion that price gouging is somehow evil or even bad for the economy. Most economists don't even bother explaining it because it seems ridiculous to spend time arguing that prices changes relative to demand are somehow a bad thing.
But it is this very lack of clarification from those in a position to give it that creates the window of opportunity social justice warriors need to spread disinformation.
Most of them are just Johnny and Susie DoGooders who lack the education necessary to understand what they're advocating for but that doesn't make their ideas any less destructive.
The truth is that price gouging is a good thing. It's a necessary thing for an economy to function correctly. Anyone who says differently is either lying to you or don't know what they're talking about.
Today I'll discuss a couple of price gouging examples in Texas and how it helps ensure goods and resources go where they are most needed.
We'll also discuss Antifa, the violent protests in Berkeley and Trump's decision to recent the ban on police militarization.
Big day today. Enjoy the show!
Mon, 28 August 2017
I'm fond of this saying. I use it a lot when I teach. I use it because, before I can help someone change their life I first have to get them to take responsibility for where they are. From there I can help them get where they want to go.
I think it's only a matter of time before Trump gets blamed for the recent disaster in Texas. It won't be his fault. No president can be held responsible for the weak reaction of 10,000 government workers. But that's not going to keep the media from blaming him.
What get's me fired up is the expectation by those in the media that it is governments responsibility to make sure you get out of town before disaster strikes.
Keep in mind this wasn't a tornado. The citizens of Houston had days to get out of the city. If you waited until the last minute, you might have had trouble leaving, but you had more than enough notice that a major storm was coming.
So if you didn't get out who's fault is it? If you haven't guessed, it's your fault. One of the great frustrations I have is how little personal responsibility people have these days. It's always somebody else's problem. It's someone else's fault. I'm sick of it. Man up. Take responsibility for your self and your family. Manage your business and grow up. Stop waiting for someone to show up and hold your hand.
It's great to be back in the studio this week, thanks so much for being part of the show. And if you're ready to change your life here's something I think might help.
Tue, 22 August 2017
Talking with Tom is always a pleasure, and this interview was no exception.
I wanted to talk with Tom about the current state of the Libertarian Party, the recent attacks he's been getting from Nicholas Sarwark the parties current chair and I wanted to find out from him what he thought needed to happen for our message to grow.
Tom was in rare form. I expected him to respond in his typical "water off a duck's back" dismissal. Tom has always been gracious even when attacked.
Today was different. I felt like the comments from Sarwark struck a nerve and he made no bones about how he felt.
In the end, I came away feeling the way I always do after a conversation with Tom. I was inspired, empowered and hopeful that with men like him behind the microphone, preaching the liberty message, we may just find a way to win.
P.S. Here's where to get Tom's free books!
Fri, 18 August 2017
I apologize in advance for the poor audio in this episode. I don't have my system set up in the new studio yet, and I'm using a simple USB mic, and the audio is a bit poppy.
I know a lot of you are interested in my thoughts on Charlottesville and the violence we've seen over the last week.
Here are my thoughts, as clear as I can make them.