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I get that politics comes with the territory; and I think everyone, no matter their political persuasion, will agree that taxes, which are political in nature, have a major impact on economics, finance, and investment. My original intention for this letter was to do an analysis of the Republican tax reform proposals.
My associate Patrick Watson and I spent two weeks doing a really deep dive into the proposed reforms.
The Amazonian Jungle The End of the Dollar Standard The Double Pyramid of Credit The Problem of Divergence The Emergence of Trumponomics There Is Nothing Immutable About a Dollar Standard Postscript: A Modest Proposal to Save the World Florida and the Caymans – Joseph Schumpeter on the Industrial Revolution The usual thrust of this letter is economics, finance, and investing.
Lately, however, the political process has been invading my normal domain – sometimes to the dismay of some of my readers.
I had the privilege of talking taxes with the chairman of the House Ways and Means Committee, fellow Texan Kevin Brady, as well as his staff.
The chairman was kind enough to allow his remarks to be on the record – but his staff made it clear that they were to be on background.