Europe is struggling to live up to the vision of its founders, Pope Francis has said in a powerful speech that asked: “What has happened to you, the Europe of humanism, the champion of human rights, democracy and freedom?” I could write yet another post on this current Pope’s destructive attitude toward Europe, individual freedom, cultural destruction, and economic barbarism; yet, this has grown too easy when he continually offers gems such as these: “Their new and exciting desire to create unity seems to be fading. We, the heirs of their dream, are tempted to yield to our own selfish … Continue reading →

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In the JFK administration, I was a White House Fellow. In those days, it was a much larger program than the small insider program it later became. President Kennedy’s intention was to involve many young Americans in government in order to keep idealism alive as a counter to the material interests of lobby groups. I don’t know if the program still exists. If it does, the idealism that was its purpose is long gone. President John F. Kennedy was a classy president. In my lifetime, there has not been another like him. Indeed, today he would be impossible. Conservatives and … Continue reading →

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The full consequences of the food/illness/health care system take decades to manifest. That America is in the throes of a systemic health crisis can no longer be denied. According to the U.S. Department of Health And Human Services, more than two-thirds (68.8 percent) of adults are overweight or obese.  (Overweight is typically defined as a body-mass index (BMI) of 25 or higher. A BMI of 24.9 is not exactly featherweight; I would have to add 30 pounds to reach a BMI of 24.9. ) The health risks of being overweight or obese include: type 2 diabetes heart disease high blood … Continue reading →

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Oregon Labor Commissioner Brad Avakian bears a strong resemblance to Mikhail Gorbachev. That comparison is misleading: There’s no reason to believe that the former Soviet ruler was ever as passionately devoted to Communism as his doppelganger from the Beaver State. Unlike Avakian, furthermore, Gorbachev conceded that there were limits to his power, and eventually stopped trying to abolish property rights by decree. Commissar Avakian has just gotten started on that mission. Since 2008, Avakian has afflicted Oregon business owners as chief commissar of the Bureau of Labor and Industries (BOLI). Seeking to expand the compass of his power to visit … Continue reading →

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Rousseau was perhaps the first to popularize the fiction now taught in civics classes about how the government was created. It holds that men sat down together and rationally thought out the concept of government as a solution to problems that confronted them. The government of the United States was, however, the first to be formed in any way remotely like Rousseau’s ideal. Even then, it had far from universal support from the three million colonials whom it claimed to represent. The U.S. government, after all, grew out of an illegal conspiracy to overthrow and replace the existing government. There’s … Continue reading →

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Billionaire investor Stanley Druckenmiller didn’t mince words when asked for recommendations at the Sohn Investment Conference. Sell US stocks. Buy gold: The conference wants a specific recommendation from me. I guess ‘Get out of the stock market’ isn’t clear enough.” Druckenmiller went on to sing gold’s praises: Let me throw this one at you. My hint is what is the one asset you did not want to own when I started Duquesne in 1981? It’s traded for 5,000 years and for the first time has a positive carry in many parts of the globe as bankers are now experimenting with … Continue reading →

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