Thoughts From the Frontline, October 2019

Decoding the Fed

October 18, 2019

“In the economic sphere an act, a habit, an institution, a law produces not only one effect, but a series of effects. Of these effects, the first alone is immediate; it appears simultaneously with its cause; it is seen. The other effects emerge only subsequently; they are not seen; we are fortunate if we foresee them.

Our Nuts Are in Danger

October 11, 2019

Life would be so much easier if we didn’t have to worry about our financial futures. Though I suppose we don’t have to worry. Animals don’t. Squirrels instinctively store away nuts and thus live through winter without much thought.

Social Security Is Dying Because Baby Boomers Aren’t

October 4, 2019

I’m filing this letter on the day I turn 70 which, among other things, means I start receiving Social Security benefits this month.