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The 10th Man Archive, September 2021

The Path of Least Embarrassment
  • September 23, 2021

The Path of Least Embarrassment

The Federal Reserve is a government institution. Sort of. Technically it is a private bank, and it makes or loses money, but its P&L is incidental to its mission. 

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Go Shopping
  • September 16, 2021

Go Shopping

If you’ve spent any time in the grocery store recently, you’ve probably noticed some empty shelves.

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Inflation Rips Society Apart
  • September 9, 2021

Inflation Rips Society Apart

Longtime 10th Man readers know that I am philosophically, even morally opposed to inflation. I began writing about inflation long before there was any, because it is absolutely the worst thing that can happen to a nation. 

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Take Your Medicine
  • September 2, 2021

Take Your Medicine

I will be the first to admit—bonds are not attractive right now. 1.3% on tens. Negative real yields on junk bonds. Inflation ramping. Massive amounts of supply. It’s all bad.

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