Clifford F. Thies
‘A Man, A Plan, A Monopoly?’ More History of the Panama Canal
From the engineering challenges to pricing logistics, managing the canal requires significant time, expertise, and risk. But what's the alternative?
Victor David Hanson and his Smoot-Hawley Strawman
Victor David Hanson, a noted military historian turned prolific pro-Trump commentator, said, on the Megyn Kelly Show, he “can’t think of a tariff that caused a major recession or depression.”…
Victor David Hanson and his Smoot-Hawley Strawman
Economists don't claim that tariffs caused the Great Depression, but tariffs make bad times worse.
A Brief History of the Panama Canal
The US took over a bankrupt French project, backed an independence movement, and paid a $25 million ransom to get the marvel finished.
The Golden Constant
"The fear fueling this increase in the demand for gold is that the “unsinkable” ship of state has been so compromised by debt that it now risks slipping under the…
Catch-up Inflation
"Where there is collective bargaining, workers go on strike to demand higher wages in order to catch-up to inflation. Elsewhere in the economy, individual workers bargain for higher wages with…
Inflation: Expected and Unexpected
"Expectations may be rational, but this doesn't mean they're right. And, this doesn't mean there won't be hell to pay when they're wrong." ~ Clifford Thies
Pentagon Corrects “Accounting Error.” As Always, the First Casualty of War is the Truth
"Why has the Pentagon flipped? Obviously, the Pentagon initially wanted to exaggerate the amount of aid being given to Ukraine. " ~ Clifford Thies
Duginism
"Dugin sees this history, and embraces it. Lord Acton taught us, 'power tends to corrupt, and absolute power corrupts absolutely.' Dugin says, absolute power is wonderful." ~ Clifford F. Thies
Not so Modern Monetary Theory
"If the issue of an unbacked or insufficiently-backed currency exceeds the amount needed to pay the tax, and even exceeds the amount in demand as a medium of exchange, the…
