Thomas Jefferson’s prescient warning on the debt ceiling crisis (September 29, 2015)
On May 28, 1816, Thomas Jefferson penned a letter to his friend John Taylor deeply criticizing the use of debt to fund a government’s excessive operations: “[T]he principle of spending money to be paid by posterity, under the name of funding, is but swindling futurity on a large scale,” Public debt is a weapon of mass destruction that constitutes theft upon future generations. And as Jefferson argued in the letter, every new generation has the right to be born onto this planet unencumbered by the debts racked up by their ancestors. But that’s not the way it is anymore.
Simon Black is an alias used as my pen name because I value privacy and discretion and there's not enough of it left in today's world. I am not a financial journalist, an attorney, or an investment adviser. I am an international entrepreneur and investor; I travel the globe on the lookout for personal and economic opportunities to enrich my life; sometimes this means a great investment, an exciting business venture, beautiful places, or new relationships.
I value independence and freedom above all else.
I am a permanent traveler. This means that I have no home, and I am free to move about the world at my discretion. Furthermore, I believe that my capability to make money is not constrained by my geography. It's not 1984 anymore.