The Missing Golden Key to Development

The Missing Golden Key to Development

While some still cling to the idea that economic and governmental development of Third World countries will come from external forces, it is becoming a much more widely accepted truth that the most robust long-term growth only comes when it is spurred by the countries...
Challenging Secretary Bessent on the Fed’s Failures

Challenging Secretary Bessent on the Fed’s Failures

Treasury Secretary Bessent recently expressed displeasure with the Fed, implying that he’s interested in investigating whether or not the Fed is successful in promoting price stability. If Bessent digs deep enough, he’ll realize that the Fed has been both utterly...
Fed Policymakers Reveal Cracks in Consensus

Fed Policymakers Reveal Cracks in Consensus

The Federal Reserve held its key interest rate steady today at 4.25-4.50% for the fifth meeting in a row. What wasn’t expected were dissents from two Fed Board Governors, which hasn’t happened in over 30 years. Fed policymakers typically try to show a united front for...
Why the Government is Not The Answer to Urban Planning

Why the Government is Not The Answer to Urban Planning

City planning is a task that is often seen as a unique realm of governmental necessity. The existence of externalities means that the market could create extremely sub optimal outcomes when creating a city. For example, a house with a messy front yard hurts everyone,...
Fidelity Says Gold Could Hit $4,000

Fidelity Says Gold Could Hit $4,000

The lazy hot days of summer are upon us. Gold has settled into a sideways holding pattern, after climbing over 25% in the first half of the year. With hamburgers sizzling on the backyard barbeque grill, making portfolio moves might not be on the top of your to-do...
How Much Gold Should You Really Own?

How Much Gold Should You Really Own?

Brandon Sauerwein, EditorWhen the billionaire who built the world’s largest hedge fund speaks, smart investors listen. Ray Dalio just revealed his optimal portfolio allocation: 15% in gold or Bitcoin.“If you were optimizing your portfolio for the best return-to-risk...