"After bread, education is the first need of the people." Note the word “requires.” Our founders believed education is a prerequisite to the survival and success of the American experiment. This week ...

I was, and still am, concerned about the potential for a serious generational crisis later this decade, one that could have a profound impact on all markets. That concern became more personal after ...

And how could I not? After exploring Brighton Beach and Bristol, and then Cornwall all the way to St. Ives and Penzance, I wrapped up my Great Britain trip with a couple days in London. This was my ...

This week’s vote from the Federal Reserve FOMC committee is going to have implications for quite some time. I think most of ...

This week we continue our series looking at the big life expenses that have outpaced the rate of inflation over the past several decades. Last week we covered housing. This week, let’s take a look at ...

I was sitting at Mackenzies Bar & Kitchen on the canal in Bristol, UK, with a friend. Just before 7pm, she got a text from ...

I talk about the Federal Reserve often in these letters, and for good reasons. Fed policy has enormous influence on the economy. Yet the Fed has far more power in some areas than others. It has deep, ...

Next month I will begin my 27 th year of writing this letter. The way I write, how I come up with topics, when I write have all changed over time. But one thing is consistent: when I sit down to write ...

"Violent revolutions do not so much redistribute wealth as destroy it... The only real revolution is in the enlightenment of the mind and the improvement of character." — Will Durant, The Lessons of ...

When we talk about inflation, the conversation usually centers on periods (like now) when inflation is especially high. Those are certainly problematic. But we can overlook a possibly bigger problem: ...

The Social Security Administration recently gave us their annual report with a few blockbuster footnotes. We all know that Social Security as it is currently constructed will run out of money in the ...

In the summer of 1944, with the war in Europe not yet won, the United States convened 44 nations at a resort hotel in Bretton Woods, New Hampshire, and wrote the rules of the postwar world. The dollar ...