Who most benefits from keeping marijuana illegal? The greatest beneficiaries are the major criminal organizations in Mexico and elsewhere that earn billions of dollars annually from this illicit trade - and who would rapidly lose their competitive advantage if marijuana were a legal commodity.

Regulating and taxing marijuana would simultaneously save taxpayers billions of dollars in enforcement and incarceration costs, while providing many billions of dollars in revenue annually.

Money values do not simply mirror the state of affairs in the real world; valuation is a positive act that makes an impact on the course of events. Monetary and real phenomena are connected in a reflexive fashion; that is, they influence each other mutually. The reflexive relationship manifests itself most clearly in the use and abuse of credit.

American supremacy is the greatest threat to the world today.

You could adjust the punishment to fit the infraction. Even a small fine would be enough to bring an errant government to heel.

Every bubble has two components: something - some real trend, and a misconception about that trend.

I called gold the ultimate bubble, which means it may go higher. But it’s certainly not safe and it’s not going to last forever.