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A Constitutional Republic

November 24, 2017 by Jeff Carlson, CFA

There is never a democracy that did not commit suicide. – John Adams

The United States shall guarantee to every State in this Union a Republican Form of Government. – U.S. Constitution, Article IV, Section 4

Our Founding Fathers were acutely aware of the dangers inherent in a Pure Democracy.

Thankfully for us, they found an appropriate solution.

A Democracy is Rule by the Majority – this is the singular defining feature. Stated another way it is Majority over Man.

In a Democracy, “We the People” are viewed as a group. The purpose of a Democratic Constitution is to empower the majority of the people to rule.

At it’s core, a Democracy is a Dictatorship by the Majority.Continue Reading

A Republic to be Thankful For

November 22, 2017 by Jeff Carlson, CFA

Sometimes we need to pause for a moment. To allow ourselves to be reminded of all that is good in our lives.

There’s always much to be thankful for.

I’m deeply grateful for my family and loved ones.

I’m grateful for the ability to wonder, to question, to grow and explore. I’m grateful for the ability to speak my mind and engage in debate. I’m grateful for the gift of critical thinking.

I’m grateful for this country that helped make these things possible for so many people.

I am grateful for the freedom given to me by others.Continue Reading

Negative Rights, Healthcare & Dream Homes

November 19, 2017 by Jeff Carlson, CFA

The Constitution is a charter of negative rather than positive liberties – Judge Richard Posner

One of my favorite childhood sayings comes to me from my father:

Liberalism is like baby fat. It melts away as you grow older.

Sadly, I don’t find that statement to be as true as it once was. Shifting demographics play a part. Our failing schools are deserving of greater blame.

Most adults fail to understand that our Constitution is a Charter of Negative Rights – and the crucial role Negative Rights play in our lives.Continue Reading

Contortions over Clinton

November 17, 2017 by Jeff Carlson, CFA

It must have been a strange week for the Liberal set.

The scandal over Alabama Senate candidate Roy Moore has now morphed into a competition of which Liberal could throw Bill Clinton under the bus – the hardest and fastest – while simultaneously defending Democrat Senator Al Franken.

Jake Tapper summed it up nicely:Continue Reading

Shepard Smith Ignores Damning Facts in Uranium One Scandal

November 15, 2017 by Jeff Carlson, CFA

Uranium One is back in the news thanks to Shepard Smith, who laid out his version of events relating to Uranium One. From Smith’s monologue:

Here’s the accusation. Nine people involved in the deal made donations to the Clinton Foundation totaling more than $140 million. In exchange, Secretary of State [Hillary] Clinton approved the sale to the Russians, a quid-pro-quo.

That statement is inaccurate in a number of ways.Continue Reading

Political Hacks, Our Intelligence Agencies & Putin

November 12, 2017 by Jeff Carlson, CFA

President Trump spoke with pool press reporters aboard Air Force One while traveling to Hanoi, Vietnam.

His comments cause quite a stir with the liberal media.

Especially when President Trump answered some questions on Putin, Russian meddling and our Intelligence Agencies (transcript here):Continue Reading

The Ongoing Fusion GPS Revelations

November 10, 2017 by Jeff Carlson, CFA

Fusion GPS and the Trump Dossier are at the epicenter of ever-increasing revelations surrounding DNC and Obama Administration involvement with what appears to be a strategically directed political campaign against President Trump.Continue Reading

A Virginia Election & the “Hold Your Nose Republicans”

November 8, 2017 by Jeff Carlson, CFA

Last night Democrats scored big wins in Virginia.

Ralph Northam won the governorship with an 8.5-point victory over the establishment GOP (GOPe) candidate Ed Gillespie. This was not particularly surprising.

What happened in the Virginia House of Delegates was another matter entirely.

The Democrats began the night just one net loss away from giving Republicans a super-majority. This morning – with results still being tallied – they stand one seat away from parity.

Democrats might end up with a majority in the Virginia House.

I came away from this election with two primary thoughts.Continue Reading

A Twitter Visit with Ted Lieu and Joy Reid

November 7, 2017 by Jeff Carlson, CFA

Twitter is a place for viewing commentary and opinions from some of our nation’s brightest political pundits and analysts.

Twitter is a place for viewing commentary and opinions from some of the dumbest people imaginable.

Both of these statements are true.Continue Reading

A Koi Feeding, the MSM’s Lies & Hard Truths from Glenn

November 6, 2017 by Jeff Carlson, CFA

I started my day with the ridiculousness of mainstream reporters in an uproar over President Trump feeding Koi with Japan’s Prime Minister Shinzo Abe.

What upset these shining beacons of journalistic integrity was a video of President Trump seemingly – and unceremoniously – dumping his entire box of Koi food into the pond.

Except that’s not what happened.Continue Reading

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Jeff Carlson is a CFA® charterholder.

He worked for 20 years as an analyst and portfolio manager in the High Yield Bond Market. He holds degrees in finance and economics.

He can be found on X (Twitter) at @themarketswork or on Substack at Truth Over News

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