Tag Archives: money

Scandal and Tyranny Go Hand in Hand

Dear Friends, It seems to me that capitalism is based on trust. Without trust markets close down and money becomes just a bunch of paper. Trust is the lubricant that allows our modern market system to function. It is built … Continue reading

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Chimerica and the Global Economy

Dear Friends, It seems to me that the Chimerica analogy is apt but misses a critical point. The Chimerica analogy is… That the growth we saw during the first decade of the 2000‘s was a result of China producing products, … Continue reading

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