Richardcyoung.com

And All That JAZZ PAC

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The WSJ’s Kimberley Strassel helps unearth the truth behind Louisiana Sen. Mary Landrieu’s politics here: Louisiana Sen. Mary Landrieu rolled out her pitch for a fourth term in an interview with the Times-Picayune in April. “I’m indispensable,” she told the New Orleans newspaper, noting that her pull in the Senate would “secure for Louisiana a significant and […]

The Absurd Ben Bernanke

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Fed Chairman Ben Bernanke’s easy money truck should be garaged. His so called taper is laughable. But don’t tell him that he’s been Mr. Easy Money. According to him monetary policy has been tight. Cato expert Chris Edwards explains here: Federal Reserve chairmen are famous for their opaque but sophisticated-sounding comments designed to make it […]

Setting Your Course for 2014

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What I’m about to share with you is something I’d like you to share with or teach to your spouse. In 2008 some of the smartest guys in the room sat and watched as their mutual funds lost close to 50%. Meanwhile boring old Vanguard GNMA made money. That’s all the proof I need to […]

Retired Bus Drivers Lose $25 Million

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Here’s another disgraceful example of public trust being kicked to the curb. In this case we have the former head of the MBTA pension fund Karl E. White. He left his job running the pension to work for a New York hedge fund. At his new post he was able to persuade his old friends […]

Your Personal Financial Security Part II

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Every Christmas we give our kids their age in cash—a tradition that began with Becky’s parents—making it fun to get older. Hard cold cash is often forgotten when credit cards, gift cards or your iphone complete transactions. But what happens when the lights go out? You still have basic needs, like caffeine. That’s why carrying […]

Survey Says! 72% Americans…

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In this Gallup poll, 72% of Americans say “Big Government” is a greater threat to the U.S. in the future—a 50-year high—than big business or big labor. The breakdown by political party identification looks like this: 92%  of Republicans, 71% of Independents, and 56% of Democrats agree that Big Government is the greatest threat. What […]

“That Place Just Doesn’t Seem to Work”

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From Peggy Noonan’s WSJ blogs, “Incompetence”: Everyone is doing thoughtful year-end pieces on President Obama. Writers and reporters agree he’s had his worst year ever. I infer from most of their essays an unstated but broadly held sense of foreboding: There’s no particular reason to believe next year will be better, and in fact signs […]

Big Spending Dem…err…Republicans

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Republicans in the House are supposed to control the big spenders in the Senate and the White House. But by agreeing to the Ryan-Murray budget, they’ve destroyed the savings won through the 2011 Budget Control Act (BCA). If House Republicans did nothing, the BCA capped discretionary spending at $967 billion in 2014. The Ryan-Murray deal […]