Sometimes, children are afraid of the “monster” hiding under their bed – an honest fear but irrational.Americans tend to be afraid of the inflation “monster” hiding in economic data – an honest fear but irrational.Inflation has already dropped from 9% to 3%, but some expect inflation to drop smoothly and predictably.Because inflation actually increased slightly last month, they are afraid inflation is exploding? NOPE! Higher…
As a boy, my hero was Davey Crockett, who famously defended the Alamo in 1836, using the butt of his rifle after his ammo was exhausted. As a teenager, my hero was my father, who was part of the Normandy Invasion during World War II and spent his first night on French soil sheltering from falling debris, under a German jeep with the corpse of…
Like most people, I am disgusted with most people. Sometimes however, it takes a gentle splash of warm water in the face to remember that most people are indeed warm and good. During a recent trip to the Amazon jungle, I was crossing one the rope bridges so common there when a misstep caused a groin pull – not the worst one ever but enough…
Some things never change, such as – the incumbent political party says the economy is doing great, while the opposing party says things are terrible. That’s normal. While the majority of economists, myself included, predicted a mild recession at worst, it looks like economic conditions are indeed stronger than any of us anticipated. Here’s what is unusual: Less than half of the American people believe…