Clearly, sustained low inflation implies less…

Clearly, sustained low inflation implies less uncertainty about the future, and lower risk premiums imply higher prices of stocks and other earning assets. We can see that in the inverse relationship exhibited by price/earnings ratios and the rate of inflation in the past. But how do we know when irrational exuberance has unduly escalated asset values, which then become subject to unexpected and prolonged contractions as they have in Japan over the past decade?

But how do we know when…

But how do we know when irrational exuberance has unduly escalated asset values, which then become subject to unexpected and prolonged contractions as they have in Japan over the past decade?

We, the People of this country…

We, the People of this country, have no unalienable rights… all our rights are subject to modification… the Constitution of the United States of America is nothing more than a piece of paper and… our government should not be restrained by the Constitution because our government can do good things for people.

When the Jews were being persecuted…

When the Jews were being persecuted by the Nazis in 1944 we passed the War Refugee Act, which focused on rescuing Jews, a religious group. But if the religious group is the subject of the persecution based on their religion, it’s perfectly OK for a First Amendment-bound society to emphasize their rescue, just as it is perfectly OK to emphasize the fact that many, if not all of the perpetrators of Islamic terrorism, come from countries with a history of supporting terrorism.

When faced with demanding situations, can…

When faced with demanding situations, can you keep your heart as light as a feather? Can you laugh your way through challenges and maintain an attitude freer than fear? When confronted with upsets and the poisonous projections of others, can you remember that all is well? Do you know that you are a spiritual being, not subject to the whims and caprices of earthly tides?

[B]riefing is not reading. In fact…

[B]riefing is not reading. In fact it is the antithesis of reading. Briefing is terse, factual and to the point. Reading is untidy, discursive and perpetually inviting. Briefing closes down a subject, reading opens it up.