October’s Schmuck of the Month:

Note:  If you become an annual paid subscriber, you will receive an autographed copy of my memoir. Please send me your address and I will mail you my book. 

Robert Wright’s review of my book captures the essence of my journey in America. 

“There is a right way and a wrong way, always choose the right way.”  Abraham Sabrin (1914-2001) “Prediction is very difficult, especially if it’s about the future!”  Niels Bohr

We the People of the United States, in Order to form a more perfect Union, establish Justice, insure domestic Tranquility, provide for the common defence, (sic) promote the general Welfare, and secure the Blessings of Liberty to ourselves and our Posterity, do ordain and establish this Constitution for the United States of America. Preamble to the Constitution

Every Wednesday at 11:05am talk show host Gary Nolan and I discuss the economy and politics.

The Mises Circle will meet in Fort Myers, November 4^th.   I will be one of the speakers. 

The political class is the gift that keeps on giving.  Every month one of the male politicians in America gets the honor of being the Schmuck of the Month.

And this month there is a plethora of well deserving Schmucks, among them Sen. Bob Menendez who was indicted for taking bribes from three businessmen and using his influence as the chairman of the Senate Foreign Relations Committee to benefit the Egyptian government. 

Menendez’s unbelievable assertion that he kept nearly $500,000 in cash in his home for emergencies because he was concerned about “confiscation” boggles the mine. 

In other words, he doesn’t trust his bank or buying T-bills for his “emergency cash.”

Did Menendez send a message to the American people:  take your money out of the banks and do not buy US government debt? 

Over the weekend Rep. Jamaal Bowman pulled a fire alarm in a House staircase landing asserting he made a “mistake” while his colleagues were debating legislation to avert a government shutdown.  In other words, Bowman shouted, “Fire!” in a crowded theater, which is not protected by the First Amendment. 

Bowman is either illiterate, stupid, or mendacious.   My guess he is all three, and therefore easily qualifies as a Schmuck of the Month. 

Finally, following the death of Sen. Diane Feinstein, Gov. Newsom announced he would appoint a black woman to the remainder of the Senator’s term.  Not only did he announce the appointment of a black woman but he chose a Maryland lesbian, who is the president of Emily’s List.

Gov. Newsom’s racist and sexist standard is par for the course for Democrats.  Only in politics can a president, governor, mayor, or any other bottom feeder make such a blatantly racist and sexist criteria for a high-level appointment. 

Given the overt “discriminatory” polices of the Democrats, is it okay for business executives to announce they will only hire white, heterosexual males for their companies?

Racialism is now the official position of Democrats.  Will this lead to civil unrest?

2024 could be the beginning of the next phase of urban strife that could cancel in person voting in November. 

So, who is the October Schmuck of the Month?  Take your pick.  They all are serving of this award.  

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My essay on the economy was published in Fortune, https://fortune.com/2023/03/27/ -2023-layoffs-tech-finance-unemployment-outlook-fed-rates-murray-sabrin/  This is an update of my 2021 forecast, https://fortune.com/2021/12/09/next-recession-heres-everything-bubble-markets-2021-2022-covid-murray-sabrin/ 

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Murray Sabrin, PhD, is emeritus professor of finance, Ramapo College of New Jersey. Dr. Sabrin is considered a “public intellectual” for writing about the economy in scholarly and popular publications. His new book, The Finance of Health Care: Wellness and Innovative Approaches to Employee Medical Insurance (Business Expert Press, Oct. 24, 2022), and his other BEP publication, Navigating the Boom/Bust Cycle: An Entrepreneur’s Survival Guide (October 2021), provides decision makers with tools needed to help manage their businesses during the business cycle.  Sabrin’s autobiography, From Immigrant to Public Intellectual: An American Story, was published in November, 2022.