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Kevin Duffy

Articles by Kevin Duffy

Ideology Quiz

December 13, 2019

How much do you trust political figures?
Not at all

Do the ends justify the means?

Should freedom of speech and expression be limited in any way?
Yes, for threats, libel, slander, hate speech or criticism of government
Yes, for threats, libel, slander or hate speech
Yes, for threats, libel or slander
Yes, for yelling fire in a crowded theater

How do you feel about taxes?
They’re too low for the rich; taxes are the price we pay to live in a free country
They’re about right
They’re too high
Income tax is unconstitutional and should be repealed
Taxation is theft

Should discrimination be tolerated in the workplace?
No, not on the basis of race, sex, age, sexual orientation or gender preference;

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Reach-for-Yield Buffet

August 8, 2019

I was recently invited to listen to a sales pitch for investments that generate income outside of the public markets.  While normally avoiding this sort of thing like the Plague, curiosity got the better of me.  The event was well attended, the short rib cooked to perfection and the sponsors put on quite a show.
“Stocks are too high and yields too low.”  “The economic expansion is long in the tooth.”  How does one generate income in such an environment without taking undue risk?  Answer: find lucrative niches where banks are restricted and large institutions can’t be bothered.  The menu included short-term lending to small businesses, rehabbing Class B commercial real estate, and funding lawyers to file personal injury claims.

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Bear Crying Wolf?

April 1, 2017

A perennially bearish hedge fund manager with an Austrian economics bent recently appeared as a guest on the Tom Woods Show.  Tom Woods opened the discussion with:
What do you say to somebody who says, “The trouble with you Austrian-influenced financial guys is that you’re always bearish, so of course you’re going to be right when things go wrong.  Why should I listen to you now?”
Great question.  Are we Austrians eventually right, but always early?  Is this one “big, fat, ugly bubble” that, when it bursts, will vindicate all of us?  Are we just flat wrong?  Is Austrian Business Cycle Theory (ABCT) out of touch with reality?  Or are we stopped clocks, right twice a day, but miss out on a lot of opportunities the rest of the time?
Current Prices on popular

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