Complete Q1 13-F Summary: The Fireworks In Berkshire's Post-Buffett Portfolio, And Everything Else

Will AI Make Us Wonderfully Prosperous? Authored by Jeffrey Tucker via The Epoch Times, “Any given government program will become the opposite of its name,” Elon Musk said recently. The rule seems correct. Think of the Affordable Care Act, the Inflation Control Act, the CARES Act, the War on Poverty, and countless others. They all resulted in the very inverse of how they are named. That’s some wisdom right there. Musk holds many libertarian views along these lines and has been a vocal champion of capitalism as an economic system. He famously set out to...

Despite German State Stimulus: Machinery Industry Braces For A Catastrophic Year Submitted by Thomas Kolbe Friedrich Merz does not make it easy to interpret current economic data correctly. The debt king from Brilon is not only distorting the statistics with his “special (debt) assets”: More than 320 billion euros in direct and indirect state subsidies are flowing, according to Freiburg economist Lars Feld, through subsidy channels that are penetrating ever deeper into the German economy. Artificial economies are emerging there, economic homunculi that will remain permanently dependent on the taxpayer. What Is...