I used to be a guy who prided myself on being a minimalist. Despite doing pretty well for myself financially, I drove the same 2007 Prius I bought the day after residency until just a couple of years ago. My clothes often didn’t fit and I never shaved. Oh yeah—I was about 25 pounds heavier […]

366: Book Club: Die with Zero

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Tom Wheelwright, my friend and author of Tax-Free Wealth, describes the US tax code simply as a series of government-sponsored incentives. As someone who hates paying taxes, this fact has made me extraordinarily patriotic. The problem is, that sometimes incentives backfire. Case in point—during the British Raj rule in India, there was a proliferation of […]

429: Taxocracy

My key takeaway from our guest (Ryan Bourne from the Cato Institute) on this week’s episode is that policy mistakes that adversely impact the free markets happen for a variety of reasons:Misread of dataPoor use of policy toolsPolitical motivationNational Security interests Whatever the reason, the consequences of policy mistakes are real for investors.  For example, […]

428: Velerity Wealth Update 5/15/24

I have frequently described myself as most aligned with libertarian thought when it comes to my own politics. In terms of the economy, libertarians believe in the concept of a free market. Libertarians argue that a truly free market fosters prosperity, innovation, and individual liberty. But that doesn’t really describe the American economy, does it? […]

427: A Libertarian Perspective on the Market Economy

Regarding the recent Podcast: A more relevant concern may be focused on the appetite or ability of investors to buy the quantum of debt being issued by the US government. As investors how do we position our investment portfolios for risks related to spiraling and unsustainable debt levels by our government: Current market trends

426: Velerity Wealth Update 5/8/24

Is it me or is no one talking about high U.S. debt levels anymore? Conventional wisdom has always been that high debt levels lead to inflation and the destruction of currencies, and money printing conjured up images of wheelbarrows full of worthless bills and economies in freefall. Then one day, the political party that used […]

366: Book Club: Die with Zero

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