This week we continue our series looking at the big life expenses that have outpaced the rate of inflation over the past several decades. Last week we covered housing. This week, let’s take a look at ...

I was sitting at Mackenzies Bar & Kitchen on the canal in Bristol, UK, with a friend. Just before 7pm, she got a text from ...

I talk about the Federal Reserve often in these letters, and for good reasons. Fed policy has enormous influence on the ...

Clearly, there must be a typo in that headline. I’m the one who is always preaching about getting the yield you deserve. So, ...

"No man who owns his own house and lot can be a Communist. He has too much to do." — William Levitt, developer of Levittown, the first mass-produced American suburb Google searches for "can I afford a ...

Last week I noted the problems of sitting down with a blank screen and trying to figure out what to write. This week I have ...

Which one would you guess is the drug dealer? Sadly, the answer might be “all of the above.” China has weaponized fentanyl against the United States. It’s fighting a long battle, motivated by a desire ...

The Social Security Administration recently gave us their annual report with a few blockbuster footnotes. We all know that Social Security as it is currently constructed will run out of money in the ...

Debt is a curse that can also be a blessing, depending on how the borrower uses it. Sadly, human nature seemingly ensures we often use debt unproductively—and not just as individuals. Governments have ...

Like people, institutions of all kinds get old. Some age less than gracefully. They become set in their ways, fixating on the past and ignoring new conditions. But because they’re “institutions,” ...

Next month I will begin my 27 th year of writing this letter. The way I write, how I come up with topics, when I write have all changed over time. But one thing is consistent: when I sit down to write ...