Larry’s Blog

Redefining What Bipartisan Support, Infrastructure, and Cancel Culture Mean

May 3, 2021

An unexpected string of policy accomplishments during the first 100 days of the Biden Presidency was helped by redefining the meaning of some concepts that previously had ground legislation to a halt. The first of these changes concerns the meaning of bipartisanship. President Biden campaigned that he would restore bipartisanship, and Republican lawmakers, who universally […] More

American Rescue Plan Embodies and Is Likely to Create New Paradigms

March 11, 2021

At 8:00 tonight, U.S. President Biden will deliver his first prime time speech. While the timing of his talk coincides with the anniversary of the imposition of social distancing restrictions to counter the Covid-19 crisis, the address provides an opportune time to justify the American Rescue Plan, which sacrificed the initial desire that the law […] More

U.S. Election: Some Reflections

October 28, 2020

Much controversy has been stirred up ahead of the U.S. 2020 election, and the suspense is unlikely to be fully settled on Election Day, which is less than one week away. In a country known for low turnout, amplified opportunities for early voting and mail-in ballots are expected to make 2020 an exception on that […] More

A World Series Match-Up from an Era Long Past

October 19, 2020

It’s a near miracle that professional sports are even being played in this pandemic year of 2020. It’s even stranger that the 2020 baseball world series pits the winningest National League team against the American League team that had the best regular season won-loss record. The first world series in 1903 and subsequent world series […] More

Yankees-Indians Thriller Bookends Game 7 of the 1960 World Series

October 1, 2020

Yesterday’s series-ending baseball marathon between the Yankees and Indians was kind of reminiscent of Game 7 of the 1960 world series but with a happier ending for Yankee fans. Against the Pirates, the Yanks trailed 4-0 after the 2nd inning versus trailing 4-1 versus the Indians at the same point. Yanks scored a run in […] More

America’s Fear of Socialism

September 7, 2020

Among the reasons why Joe Biden might lose the presidential election eight weeks from now despite his current lead in opinion polls is the suspicion that America would become a socialist country with any Democratic president. Although its meaning is often misunderstood, the very term socialism evokes widespread pejorative feelings in all but the youngest […] More

Masks, Phones, Freedom and Public Safety

July 21, 2020

The politicization of  protective masks that cover one’s mouth and nose has been a strange and unexpected impediment against successfully managing the coronavirus pandemic. All but the best-made masks do not provide full protection against catching Covid, but wearing one has been shown to greatly prevent symptomatic and asymptomatic carriers of the pathogen from infecting […] More

American Dream Slip-Sliding Away

June 1, 2020

The dollar has been the lynchpin of the international monetary system since the Second World War. This special role in itself generates enormous economic advantages that other countries do not enjoy. This is not an essay about the perks of dollar hegemony but rather an examination of the basis for enduring confidence in the dollar […] More

Just an Interesting Covid-19 Coincidence… or Perhaps Not?

March 25, 2020

As one scans through the list of particularly hard-hit countries from the coronavirus pandemic, a correlation can be observed with targets of President Trump’s scorn. China, the principal object of America’s tariff war, was the location of patient zero, and President Trump has insinuated that China is to blame for the pandemic. China itself has […] More

An Inconvenient Milestone for U.S. Equities

March 18, 2020

In today’s chapter of the bear market, the Dow Jones Industrials index fell briefly below the 19,827 level prevailing when President Trump was inaugurated on January 20, 2017. It touched an intra-day low of 18,917 before closing with a net daily loss of 6.3% at 19,899. Closing levels today in the DJIA, S&P 500, and […] More