Quod Erat Demonstrandum…
Today’s WSJ op-ed by Andy Kessler explains well how uncertainty injected by chaotic trade “policy” maps into spasmodic stock and bond market performance. For an ungated PDF of this article, see https://bit.ly/marketspasm.
Its recent drop is like a tantrum, screaming at President Trump to knock off the tariffs.
“How can we lift up the world together, starting with those at the margins of society?” This question inspired former American Enterprise Institute President Arthur Brooks to travel around the world seeking answers. Released this spring, his documentary reveals insights into not only alleviating poverty, but also achieving lasting happiness for all.
Now streaming on Netflix @ https://www.netflix.com/title/81088318.
As an antidote to yesterday’s Business Roundtable decision to throw Friedman’s shareholder-centric model under the bus in favor of “… the more politically au courant “stakeholder” model”, The Wall Street Journal editorial board reminds us about Milton Friedman’s famous 1970 New York Times Magazine article entitled “The Social Responsibility of Business is to Increase its Profits” (linked to in this article and also from http://umich.edu/~thecore/doc/Friedman.pdf.