RUTHFULLY YOURS

https://www.americanthinker.com/articles/2025/03/a_businessman_and_a_brilliant_strategist.html

Business schools and military schools borrow extensively from each other’s academic literature.  Although the workings of the boardroom and the battlefield might seem mismatched, there is considerable overlap.  Both require leaders capable of assessing assets and liabilities dispassionately, developing short-term strategies that complement long-term objectives, and comprehending an adversary’s point of view.  Both demand critical thinking.

Organizational theory, as a scholarly discipline, reflects the shared language of business people and military planners.  Business executives “go to war” against rivals and cordon off associates in “war rooms” when their firms’ interests are “under attack.”  Military commanders seek to maximize “opportunity” and “leverage” while minimizing “loss.”  Allocating resources efficiently and avoiding waste are crucial for both vocations.  Just as an accountant is essential for a healthy business, a quartermaster is essential for a healthy army.  In business and war, technical knowhow, tactical skill, and logistical expertise separate winners from losers, victors from the vanquished.

What is striking about President Trump’s return to the White House is how completely he embodies this business-military mindset.  If a plan of action (a government program) is ineffective in achieving its goals, then the Trump administration terminates it immediately.  If government bureaucrats within the Executive Branch’s ranks serve no purpose or fail in their day-to-day missions, then they are relieved of their duties.  Just as fat, incompetent armies devour supplies and lose battles, bloated, incompetent bureaucracies devour resources and sabotage nations.  Military commanders have no time to worry about an individual soldier’s feelings when operational success and lives are on the line.  The chief executive of the United States has no time to worry about an individual bureaucrat’s feelings when the nation’s success and all Americans’ lives are at stake.

https://www.manhattancontrarian.com/blog/2025-3-14-qw44bfyfus1omeo4ao4zf20hjpmiv1

Way back in the ancient year of 2012 — before this blog had even been started — Penn State climate “scientist” Michael Mann brought a lawsuit for defamation against Mark Steyn and Rand Simberg, as well as against two websites (National Review and CEI) that had hosted the blog posts of those two individuals. Mann asserted that his reputation had been damaged by the Steyn and Simberg posts, which had compared Mann to fellow Penn Stater Jerry Sandusky. The point of comparison was that Penn State had investigated and cleared both men around the same time over allegations of misconduct — scientific misconduct in the case of Mann, sexual misconduct in the case of Sandusky.

In the succeeding years, the case went through a truly unbelievable history of procedural twists and turns, including multiple motions to dismiss and appeals. There was even an effort in 2019 to seek Supreme Court review, which the Court denied at that time; but Justice Alito issued a detailed dissent as to why he thought review should have been granted. The case finally reached trial in January 2024, by which time the two corporate entities, National Review and CEI, had been dismissed from the case, leaving only the individuals Steyn and Simberg as defendants. The trial was available for public view over the internet, and I watched substantial parts of it, leading to five blog posts over the period January 27 to February 8, 2024. Links to those five posts are here, here, here, here and here. A February 9 update to the last of those posts reported on the jury verdict that was delivered on the 8th. Readers who are at all familiar with the case will recall that the jury awarded only $1 of compensatory damages against each defendant, but awarded punitive damages of $1000 against Simberg and $1 million against Steyn.

https://www.gatestoneinstitute.org/21475/cryptocurrency-digital-gold-monopoly-money

As Jack and his beanstalk can tell you, there are no magic beans. Unfortunately, those who believe cryptocurrency is their ticket to enormous wealth or financial security will soon find out that they, too, have no magic beans. What they may have is Monopoly money.

With that in mind, it needs to be said that recent actions to create a Strategic Bitcoin Reserve opens the door to potentially serious issues.

Equally chilling is the vulnerability of cryptocurrency to hackers. Media reports reveal that North Korean hackers recently stole $1.5 billion in cryptocurrency from Bybit, described as the world’s second-largest crypto exchange. One can probably assume those hackers were operating under instructions from their government.

Perhaps the larger issue is that there is no “there” there when discussing Bitcoin and other cryptocurrencies. At the core of a digital currency’s existence is only an algorithmic ledger. Yet it reflects the same dynamics that have historically created speculative bubbles that leave investors stunned and broke.

Consider the Tulip Mania of the 1630s. Dutch tulip bulb prices reached extraordinary heights before collapsing dramatically. Like a cryptocurrency, it featured “value” largely driven by certified scarcity and speculative trading.

A similar bubble occurred in 1720, when Britain’s publicly traded South Sea Company speculated on emerging South American trade opportunities. The eventual collapse of that pursuit was so widespread that it actually damaged the entire British economy. However, one needn’t travel back centuries to chronicle the cycle of grand promises that went up in smoke.

The dot-com bubble at the end of the 1990s saw internet companies with limited revenue but rosy visions attract massive investment before the market crashed. Coming even closer to our current crypto era, there was the mortgage-backed securities crisis of 2007. Complex financial instruments obscured underlying risks to investors who were chasing illusionary profits until it all collapsed.