Henry Ford Did Not Invent The Automobile

Henry Ford did not invent the car; what he invented was so much more important than that. This is the power of capitalism: It is a constant process of making the luxuries of our time more accessible. So why does capitalism get such a bad reputation?

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That’s Disappointing.

Wednesday the Consumer Price Index (CPI) came out +4.2 percent over the past year. Thursday morning the Producer Price Index (PPI), which measures wholesale inflation, was announced to be 6.2 percent. More concerning is the reaction of Richard Clarida, the Federal Reserve vice-chair, who said he was, “surprised.”

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Fourth Quarter 2020

“To everything there is a season, and a time to every purpose under the heaven.”
The season will change, value is coming.

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