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Saying Just About Anything

Yesterday, I pointed out the flimsiness of President Joe Biden’s economics as expressed in his speech of last week before Congress. What he said in the same speech comparing the First and the Second Amendments does not make more sense. It confirms one conclusion of the economics of politics: for a politician, the cost of saying just about anything or of plain lying is low. In arguing for still more gun controls, he explicitly invited a comparison between the limits of...

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Peter Schiff: Biden’s Next Tax and Spend Boondoggle

Biden and Company have given us stimulus 3.0. They have unveiled an infrastructure spending plan. But that’s not the end of the spending. Next in the lineup comes the “American Families Plan” — another $1.8 trillion or so of government spending. Peter Schiff talked about it in his podcast, calling it a giant new welfare package. He said ultimately, it’s going to be another giant government boondoggle.The plan includes all kinds of goodies including free community college, government-paid...

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Peter Schiff: People Should Be Buying Gold as a Response to the Election

It looks like Joe Biden will ultimately win the presidential election, although it will likely be weeks before all of the official votes are in and the legal wrangling could go on even longer. One thing that is clear is that the polls were horribly wrong. They were projecting a Biden landslide. If Trump did lose, it was barely.In his podcast, Peter Schiff offered some post-election analysis and said investors are as clueless as the pollsters.The projected “Blue Wave” never materialized. It...

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From Democracy to Populist Rallies

In his 1945 book On Power, Bertrand de Jouvenel wrote: Democracy, then, in the centralizing, pattern-making, absolutist shape which we have given to it is, it is clear, the time of tyranny’s incubation. Sometimes, democracy in America looks a bit like the South American version. In general, democracy as we know it works differently than what Christopher Achen and Larry Bartels call its “folk theory” version. In their book Democracy for Realists, they describe the folk...

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Joe Biden Says “I Am Going To Run For President In 2020”

It appears Tom Hanks and Oprah are unavailable and so, speaking to a small group of reporters tonight, Vice-President Jo Biden announced that he is going to run for President in 2020. Despite formally announcing in October 2015 that "the window had closed on mountaing a realistic campaign for president," CNBC reports that Biden said "Yeah, I am. I am going to run in 2020," when asked if he would run for office again. When asked what role he would run for, the 74-year-old vice...

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