Depressing Stimulus
Since the US stepped up its stimulus efforts in 2008, the rate of wealth creation has been cut in half. So, Mr Biden…more stimulus? Sure, why not.
Opening the Gates of Hell
Somewhere in this once-great nation, a real revolutionary — young, angry, determined, and smart — practices before the mirror…searching for the right pose…looking for the right words…
Sometimes, You Need the Old-School Conservative to Remind You
Stock markets go down as well as up…all paper money eventually goes back to its intrinsic value (zero)…and all empires decline, sooner or later.
Fake Revolutionaries — A Pointless Attack on the US Capitol
According to the propaganda, the US Capitol is the beating heart of American democracy. The ‘revolution’ was televised, but like reality TV or professional wraslin’, it was fake…
What Does the US Look Like in 2021?
Before moving on to 2021, it might be useful to better understand what happened last year. Like moving on from a bad marriage, we want to know: What went wrong?
Where the US Government’s Stimulus Money Went
We entered a new year on Friday. But there is still so much to figure out about the last one. It was the most preposterous year of our lives…and, we think, a real hinge point…
Here’s What Separates the Rich from the Rest
What separates the rich from the rest of us? Ernest Hemingway claimed it was the fact that they had more money. The truly wealthy are careful to spend their money on things that hold their…
The Massacre of Real Wealth — Money is Neither Wealth nor Capital
Money is neither wealth nor capital. It is what we use to measure them. But if a government simply ‘prints’ money, as if it were real capital, it cheats people, weakens the economy, and makes…
How Central Bank Stimulus Kills the Economy — Failing Monetary Policy
More money! Whoopee! The idea is simple enough. The experts say that if we just give people money, they will spend it. Businesses will make sales. Consumers will consume. It will look like a healthy…
Welcome to the Zombie Republic
Zombie companies. Zombie households. Zombie officials. At the present rate of new job creation in the US, it will take at least three more years to get back to last year’s employment level.