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'Stuffing Their Mouths with Gold' — Selling the Biden/Yellen Tax Cartel


‘Stuffing Their Mouths with Gold’ Selling the Biden/Yellen Tax Cartel
Andrew Stuttaford
© Kevin Lamarque/Reuters
President Joe Biden receives an economic briefing with Treasury Secretary Janet Yellen in the Oval Office at the White House in Washington, D.C., January 29, 2021.
At the time of the establishment of Britain’s National Health Service, Aneurin Bevan, Labour’s Health Minister, faced serious opposition from, among others, top doctors unenthusiastic at the prospect of having to rely solely on the state for their income, a potentially dangerous challenge to the nascent NHS. To calm them, he agreed that they could continue seeing private patients alongside those from the new health service. ....

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'Stuffing Their Mouths with Gold' — Selling the Biden/Yellen Tax Cartel

'Stuffing Their Mouths with Gold' — Selling the Biden/Yellen Tax Cartel
yahoo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yahoo.com Daily Mail and Mail on Sunday newspapers.

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The Capital Letter: Bond Worries, Asceticism & More


A “storm” swept through the US government bond market on Friday, sending a key measure of long-term borrowing costs to the highest level since last February.
Treasuries dropped in overnight trading after a large sale of long-dated bond futures in Asia, according to people familiar with the matter. Yields on the benchmark 10-year note, a key marker across global asset markets, jumped to 1.63 per cent, having traded around 1.53 per cent the day before.
Analysts said the scale of the move underscored how jittery the $21tn market had become against the backdrop of a more robust economic rebound. Treasuries are the biggest and deepest market in the world, something that typically insulates it from sharp rises and falls in prices. ....

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Federalist Society and SEC's Roisman on Future of ESG, Corporate Governance - Competitive Enterprise Institute


Federalist Society and SEC’s Roisman on Future of ESG, Corporate Governance
Yesterday the Federalist Society held an excellent virtual event on corporate social responsibility (CSR) and environmental, social and governance (ESG) theory, addressing “the divergent views that drive the ongoing debate about shareholder versus stakeholder capitalism.” Former Securities and Exchange Commission (SEC) member Paul Atkins (also a former CEI event guest) served as moderator and opened the event with a reference to Milton Friedman’s famous 1970
New York Times Magazinearticle, “The Social Responsibility of Business Is to Increase Its Profits.”
Times published a symposium of (mostly negative) short articles on its anniversary last year, and many other outlets published their own, including ....

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Boom, then Bust?


Boom, then Bust?
February 20, 2021, 8:22 AM·36 min read
Well, the S&P may not have done much this week, but there were clear signs and signals that the conditions fueling the current bubble(s) are going to continue and that the bubble(s) themselves are still bubbling away.
Elon Musk, in some ways the man of the bubble (I do hope that comment doesn’t disqualify me from some space tourism), got to the point.
Billionaire Elon Musk defended Tesla Inc.’s $1.5 billion Bitcoin investment on Twitter, calling the cryptocurrency a “less dumb” version of cash.
“When fiat currency has negative real interest, only a fool wouldn’t look elsewhere,” Musk said in a reference to the sub-zero returns on cash caused by negative-yielding debt. The comments pushed Bitcoin to a record on Friday, with prices climbing above $53,000. ....

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