Author Archives: John Thomas

The Economic Irony of Medicare for All

The three-fold message that Fidel Castro enunciated in January of 1959 when his rebels took control of Cuba, included one-part healthcare. The remainder was to eradicate poverty and educate the masses. Sound familiar? Yet within three years, he had declared conclusively, “I am a Marxist-Leninist and I will be until the last day of my life.” Within four, he was harboring Soviet ...

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Warren Buffett just made your Business Insurance Simple

The oracle of Omaha has done it again. The man who could have anything prefers a cherry coke and his house of 50 years in Omaha, NE. His investment philosophy is one that he must understand what a business does, hence his investments in Gillette, the Washington Post, Coca-Cola et al. Warren Buffett and his Berkshire Hathaway firm know insurance, ...

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Global Economic Uncertainty Weighs on U.S. Economy

We have been reporting for the last several months that economic confidence in the small business realm has been waning. This has also been confirmed in big business via the latest industrial production report by the census bureau. Overall orders for durable goods, manufactured products intended to last at least three years, rose a seasonally adjusted 1.2% in December from ...

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Income Inequality is what made America Great

Don’t take my word for it. Just ask anyone who has come to America from a socialist country. The irony of income inequality is lost on those who propose the likes of the “Green New Deal.” I will not name names, because you already know the usual suspects. I will group them together for purposes of this story and simply ...

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Chinese Central Bank tries to Alleviate Major Credit Problems

In an innocuous release from the Chinese Central Bank several days ago, it is apparent that the mounting credit crisis is getting the attention of the Chinese government. The Peoples’ Bank of China (PBOC) is attempting to tweak its monetary strategy regarding the management of its reserve requirements. Facing the pressure of a slowdown in the Chinese economy and dissatisfaction ...

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The Hypocrisy of Socialists and Taxes

I’m not sure if freshman Rep. Alexandria Ocasio-Cortez (AOC) was around during the Reagan era and the economic notion of supply-side economics, but I’m pretty sure her partner in crime against capitalism, Elizabeth Warren was. I don’t know what either of these women studied in school, but I can assure you it was not economics. Who is Elizabeth Warren to ...

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Cars that Fly will help lead the next Technology Revolution

In 1940, Henry Ford said: “Mark my words, a combination aeroplane and motor car is coming.” The first time in film I believe I saw flying cars was in the Tom Cruise thriller, “Minority Report.” The way that traffic moved in layers above the ground at break-neck speeds was inconceivable. That was in 2002 depicting life in the middle of ...

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