This week’s vote from the Federal Reserve FOMC committee is going to have implications for quite some time. I think most of ...

This week we continue our series looking at the big life expenses that have outpaced the rate of inflation over the past several decades. Last week we covered housing. This week, let’s take a look at ...

I was sitting at Mackenzies Bar & Kitchen on the canal in Bristol, UK, with a friend. Just before 7pm, she got a text from ...

I talk about the Federal Reserve often in these letters, and for good reasons. Fed policy has enormous influence on the ...

Clearly, there must be a typo in that headline. I’m the one who is always preaching about getting the yield you deserve. So, ...

"No man who owns his own house and lot can be a Communist. He has too much to do." — William Levitt, developer of Levittown, the first mass-produced American suburb Google searches for "can I afford a ...

Last week I noted the problems of sitting down with a blank screen and trying to figure out what to write. This week I have ...

Good news: Tariffs will not make the world end. American businesses will do what they do best, which is adapt. While the probability of a recession has increased, we always get through it and the best ...

Which one would you guess is the drug dealer? Sadly, the answer might be “all of the above.” China has weaponized fentanyl against the United States. It’s fighting a long battle, motivated by a desire ...

We talk frequently about the way central banks and governments affect the economy. In the grander scheme of things, though, whatever the Fed does is more like throwing a hand grenade into a large ...

Debt is a curse that can also be a blessing, depending on how the borrower uses it. Sadly, human nature seemingly ensures we often use debt unproductively—and not just as individuals. Governments have ...