Newsom Means Well. Doesn’t he?

Gavin Newsom Means Well!  Doesn’t He? Gavin Newsom means well (at least for himself). His rhetoric is all about victims who need his help, criminal cartel members and illegal immigrants hunted by ICE, struggling minimum wage workers, people with sexual habits or practices that differ from the average in society (while the straights won’t bother … Read more

Naval Aviation

The Birth of Naval Aviation In the 1700s and 1800s, well-trained western professional engineers, scientists and aviation enthusiasts knew that sustained, powered flight by heavier-than-air machines was possible.  Birds are heavier (denser) than the air they fly in.  However the complexity of all the problems that needed to be solved simultaneously thwarted the invention of … Read more

What Lenin Got Right

In 1916 Vladimir Lenin wrote his book Imperialism, the Highest Stage of Capitalism. In that book he asserts that successful and competitive capitalist enterprises work hard to become monopolies in their market areas. They each want to be the last man standing in their sector of the market. Of course, Lenin wrote that book as … Read more

Financial Zombiism

In ancient Israel the sabbatical year (ever 7th year) was not only a year of allowing fields to be left fallow, it was also a year of debt forgiveness(Deuteronomy 15:1-2). In China the ancient tradition of repaying debts before the Chinese New Year stems from the belief that starting the new year free of financial … Read more

Mismanaged Financial Panics

Walter Bagehot was a mid-Victorian era journalist in Britain who married the eldest daughter of James Wilson, the founder of The Economist magazine. When Mr. Wilson died in 1860, Walter became the editor in chief of The Economist.  Over the next 17 years that he held that position, he transformed the journal into one of … Read more