Thursday A few observations for you, my dear friends. We have just had some golden, uniquely perfect moments in the world of investing. The federal government drastically lowered interest rates to fight the negative effects of the COVID-19 pandemic. We…
Tuesday The world is going crazy. Just plain crazy. Russia invades a sovereign state, Ukraine, without any provocation. The USA sends weapons to Ukraine, but clearly not enough. The Russians are now shown to be mass-murdering civilians in Ukraine and…
Monday All morning long I had a nightmare. It would not stop. I was on the pier where we keep one of our boats in Sandpoint. I kept falling off and slipping under the water. But the water was not…
I’d like to start by talking about something my father said to me on my 50th birthday 27 years ago. Some of you will recall that my father, Herbert Stein, a noted economist from about around 1945 to 1999, was…
Sunday It’s Christmastime. This has been a difficult year for me for many reasons. The pandemic. Losing our rights under the Constitution in the “new” Biden America, where race matters more than merit, where law enforcement has been abandoned, where…
It had to happen. It is almost like an Econ 101 exam question: What happens if you take an economy already in strong upsurge and add to it by pumping trillions — not billions, trillions — of borrowed dollars into…
June 6, 2021 A beautiful, clear, breezy day here in Beverly Hills. It’s the 77th anniversary of D-Day, a staggeringly important day in world history. The Germans were already comprehensively beaten by the Red Army, probably the most capable, lethal…
Saturday Off to LAX in a hulking, huge van to fly to Charlotte, North Carolina. It’s my usual entourage for long trips: My wifey, who has been ill and disabled for years with lung problems but who is bound and…
You may know me as an actor or a game show host, or you might not know me at all. But what I am mostly is an economist. My mother was an economist, and my father was an economist, and…