The rich are getting richer, the poor are getting poorer, and it’s all thanks to the Federal Reserve.
Last week the Fed released a new study that wealth of the top 1% in America hit an all time high of …
Why Liz Truss will never repent
What roles do reason and emotion play in politics? Is success a matter of winning over hearts, or about changing minds? To solve this conundrum comes a memoir by someone who apparently can do neither very well: Ten Years To …
What Happened to Bitcoin?
Those who involved themselves in Bitcoin markets after 2017 encountered a different operation and ideal than those who came before. Today, no one much cares about what came before, speaking of 2010-2016. They are only watching the upward price momentum …
Is Inflation Harmless?
The New York Times has published a strange article by Justin Wolfers, an economist at the University of Michigan. The headline is that his economist brain makes him say with regard to inflation: “Don’t worry, be happy.” The article gives …
Fiscal Collapse Accelerates
In case you thought anybody in Washington was driving this thing, they are not.
It’s official: the Department of Treasury is now issuing debt at pandemic levels. It’s worth noting the pandemic record was double the previous record, which had stood …
New Report Details Horrifying Cost of Fauci’s Failures
In the post-pandemic period of Covid, there’s now a concerted effort to comprehend and explain the damage that was caused by our capitulating to the hysterical overreaction and overreach of the ‘experts.’ There’s a long list of policy failures to …
Patents, Pharma, Government: The Unholy Alliance
The Problem with Intellectual Property
The unholy alliance between Big Pharma and the FDA and Federal Government is truly breathtaking to behold. Unfortunately, its nature is so arcane and obscure that only a few notice this, other than those who …
The Meltdown of Commercial Real Estate
In case you’ve still got money in a bank, Bloomberg is warning that defaults in commercial real estate loans could “topple” hundreds of US banks.
Leaving taxpayers on the hook for trillions in losses.
The note, by Senior Editor James …
Thomas Piketty’s failed revolution
Think back to the political situation a decade ago, and one may have in mind a calmer, less dysfunctional time. Britain’s economy was growing, just about, and real wages were beginning to rise for the first time since the summer …
Why does the Right worship Javier Milei?
Javier Milei, Argentina’s self-styled “anarcho-capitalist” president, enjoys an almost Christ-like status among heterodox conservatives and MAGA-style Right-wingers, almost on a par with Trump himself. Like lovestruck teenagers, a certain type of conservative drools over Milei’s over-the-top mannerisms and “based” speeches …
Welcome to the stagnation nation
Fifteen years after the great financial crisis blew Britain’s economic settlement apart, we’re still scrabbling around for a replacement. The staggering scale of our problems was revealed yesterday in Jeremy Hunt’s thoroughly depressing budget statement. Despite heavy doses of magical …
In Health Care, We Are Flying Blind
In the movie Paddington, a bear moves in with a London family. The father of the house is an insurance actuary. As the bear is bathing, he places a panicked call to his home insurer to add a provision in …
Sickness Everywhere
A silent disruption of population health and human potential is causing a decline in economic growth and increased poverty worldwide. The number of citizens losing trust in leaders from public-private partnerships that ruled and mandated public health and climate policies …
Does our zombie economy need a recession?
“He’s more concerned about not losing a battle than he is about winning one,” said George C. Scott in his Oscar-winning performance in Patton, expressing the US general’s opinion of Field Marshal Bernard Montgomery. Today, the same thing could be …
The Great Reset Didn’t Work: The Case of EVs
We are living through one of history’s longest and most excruciating versions of “We told you so.” When in March 2020, the world’s government decided to “shut down” the world’s economies and throttle any and all social activity, and deny …
