The USA Is Going Broke

DailyFriend.co.za. April 26, 2026 In the novel The Sun Also Rises, Ernest Hemingway’s character Mike Campbell is asked how he went bankrupt.  He famously replies, “Two ways, slowly and then suddenly.” The United States today is in the “slowly” phase. Savvy economist and interest rate guru Jim Grant agrees that “The U.S. government is going broke but is not now broke.” In every year for two decades … Continue reading The USA Is Going Broke

Trump’s Unprecedented Assault on the Rules-Based Economic Order

BizNews.com The Rational Perspective January 13, 2026      By Barry D. Wood In Budapest some time ago, I came upon a wall poster bearing the likenesses of potentates whose imperial rule collapsed in the aftermath of World War I.  It was an advertisement for a museum exhibit. The Hapsburg empire in Vienna of Emperor Franz Joseph (seated) lasted 600 years. But stuck on the losing side of … Continue reading Trump’s Unprecedented Assault on the Rules-Based Economic Order