“The United States Common Market and the Constitution: How a Gigantic Free-Trade Zone Made America the World's #1 Economic Superpower.” This chart shows how America gradually dominated the world economy: Was it the Commerce Clause? One of the lawyers there suggested it was the Commerce Clause in Article I, Section VIII that is the secret to America’s success. The Commerce Clause gives Congress the power “to regulate Commerce with foreign nations, and among the several states, and with the Indian Tribes.” But Section VIII of Article I of the Constitution tells Congress what it can do, and that is interfere with commerce. Unfortunately, the Commerce Clause has been a major source of ever-increasing authority by Washington bureaucrats, which alone would not necessarily make America great. As I told the audience, you can drive a truck through Section VIII of the Constitution, which gives the Federal government virtually unlimited powers to tax, regulate, borrow money...
Do Hard Things Why We Get Resilience Wrong and the Surprising Science of Real Toughness Steve Magness The way we think about toughness, according to Steve Magness, is all wrong. We traditionally define toughness as a combination of machismo, lack of emotion, and outward displays of dominance and control. But Magness claims that this "old-school" definition of toughness is harmful and that real toughness is defined by confronting reality, acknowledging your thoughts, feelings, and emotions, and using a multitude of strategies to cope with discomfort or adversity. In Do Hard Things , Magness provides a new, more accurate, and more effective way of thinking about toughness, which will help you overcome challenges and make better, more thoughtful decisions. In this guide, we’ll explore why traditional ideas around toughness are not only ineffective but harmful. Then, we’ll look at Magness’ ideas on what it really means to be resilient, and we’ll provide strategies on how to ov...
The 18.6 Year Cycle Hasn’t Failed for 231 Years Stock markets… bond markets… real estate… all follow cycles. And I have been researching them for decades. For instance, did you know that every 18.6 years… since 1792… stock markets peaked, fell, and entered panics in consistent cycles? Take a look at the chart below. It tracks commodity cycles since 1792. (Click here to expand image) Or did you know that at the bottom of the cycle, new industries emerge, led by next-generation entrepreneurs? The cycle predicts that, too.
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