Month: September 2016

The Bear’s Lair: Distant gleam of freedom

Donald Trump’s tax plan, revealed at the Economic Club of New York on September 15, does not add up, as most Presidential candidates’ tax plans don’t. Still, it did contain one provision that is fiscally insignificant but economically enormous: by capping all tax deductions at $100,000 for single filers, $200,000 for married couples, without exceptions, […]

The Bear’s Lair: Back to 1666!

Samuel Pepys kept his money in gold bars and buried it in the back garden when the Great Fire of London threatened his house in 1666. It is generally supposed that the advent of modern banking, by allowing consumers to keep their money in a safe place without charges, has greatly increased the efficiency and […]

The Bear’s Lair: Quit backsliding on Brexit!

Almost three months have passed since the brave British voters voted for an exit from the European Union, yet Britain is no closer to actually exiting. Civil servants have been hired, but no firm timetable has been set for delivering an “Article 50” notice to the EU. Now Britain’s major foreign investors are demanding that […]

The Bear’s Lair: Proxima B could give us a fresh start

The news last week that our closest star, Proxima Centauri, has a planet Proxima B orbiting it that could possibly support life is immensely encouraging. As I have written frequently, our current economic and political arrangements are so bad that eventual collapse seems inevitable. However, like the Pilgrim Fathers, we may have the opportunity to […]