It's a day off from trading and blogging for me, in honor of our presidents, but especially Lincoln and Washington, each of whom had his own day when I was young, but who were relegated to sharing a day with other (lesser) men. (Lincoln's birthday was not a Federal holiday, just a holiday in certain states, but at least mentioned pretty much everywhere in America, unlike today.)
Wikipedia says that Presidents' Day grew due to a "push from advertisers" in the late 1980s and that it's basically a marketing gimmick. Still I can't help but wonder if the advent of Martin Luther King Day, celebrated just a month earlier, led to the lessening of respect for our two arguably greatest presidents.
Current events, politics, economics, Social Security reform, School Choice, financial markets, philosophy and more, with an emphasis on free minds, free markets, and free people.
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