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By Sean Dempsey, 3/19/25 This is a response to Max Baecker’s terribly misguided recent piece in Forbes. The Real Cause of Rising Commodity Prices: Inflation, Not a Bubble The surge in commodity prices today is not the result of a speculative bubble but rather a direct consequence of inflation caused by a massive expansion of […]
Parable of the King’s Rule
by Sean Dempsey, 6/25/23 Once upon a time in a far away land there lived a mercurial king. The people adored their king for the simple reason that he was their king. One day, driven by a peculiar whim, the King passed a decree that all citizens must wear a large hat adorned with a […]
A Fool’s Gold
Sean Dempsey, 04/01/2025 There was once a king so rich that other kings wept when they heard his name. His majesty, Kaiser My’Kael Sellur, High King of the Lost Isles of Bit’Quon, ruled over a land where wealth dripped from every rooftop and pooled in the gutters. His vaults ran so deep and wide that […]