Stocks, Manure, Gold, and Socialism: Markets and Bad Ideas
Mark Thornton updates the Stocks versus Manure contest, then explains why gold’s correction may be temporary, and why democratic socialism attracts young voters with failed answers to real problems.
Source: Mises Institute
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DW NOTE
Agricultural commodities beating the S&P through mid-2026 is a signal, not a novelty. The dollar is down, oil is volatile, and real assets are repricing against a $2 trillion deficit and a Fed that cannot credibly tighten while Treasury yields climb without buyers. When manure outperforms Microsoft, the denominators are broken.