Do we have the capability to eliminate booms and busts in economic activity? The answer in my judgment is no, because there is no tool to change human nature. Too often people are prone to recurring bouts of optimism and pessimism.
July 06, 2026
Dear Friends,
This weekend marked 250 years since our founding fathers sat down and set the foundation for what would prove to be the greatest country the world has ever known — a society built on the belief that every person has the right to live freely and work toward the future they dream of achieving.
What our forefathers set...