America as it was a 150 years ago, would be unrecognizable, if were someone resurrected today.  America of 1867, as an example, had federal spending of about $45 per citizen per year, not derived from taxes.  Today, the federal government spends about $5,000 per citizen.  The federal government of 150 years ago was tiny, and […]

An article in the Wall Street Journal a couple of weeks ago, told of a man named Kenneth Griffin who has donated $125 million to his favorite charity, in this case the University of Chicago’s economics department.  This was the second largest gift to the University.  The largest was a gift of $300 million by […]

Whenever something happens quite suddenly, there is usually a reason.  If a tire suddenly goes flat, there’s probably a nail in it.  Clouds may mean rain or snow, and when a store wants to move slow merchandise, they have a sale.  When an economy grows, seemingly almost suddenly, there has to be a reason.  Ronnie […]