Not only have the billionaire class made money, they have tightened their monopolistic grip on the levers of money supply and distribution, turning a global rigged casino into a global company town.Editor’s note: This is a guest post by my friend …
The extremes are not visible to the vast majority of participants, and so they are exposed to high levels of risk they don’t see or understand.The question “Is the weather becoming more extreme?” opens up endless debates because our perceptions ma…
Class wars are the inevitable result of an economic system in which ‘anything goes if you’re rich enough and winners take most’. The traditional class war has been waged between wage-earners (who sell their labor) and their employers (owners of ca…
The problem is the economy that’s left has no means of creating tens of millions of jobs to replace those lost as the 1959 economic model collapses.Fundamentally, the economy of 2019 was not very different from the economy of 1959: people went sho…
They may just opt out of the whole insane charade and stop paying the mountains of debt and stop trying to prop up the deranging pretense of middle-class snobbery.Though many blame Donald Trump for dividing the nation, the nation was already disunited….
All those who believe the ‘privatized totalitarianism’ of Big Tech ‘platform plantations’ are ‘capitalism’ have been brainwashed into servitude by Big Tech’s pretense of capitalism.What do you call an economy of monopolies without competition or any re…
The sands beneath what’s scarce and what’s over-abundant are shifting.On a recent visit to the welding shop where my niece’s husband works, I asked him if they had enough welders for their workload. His answer surprised me: “If you asked every wel…
Triffin’s Paradox demands painful trade-offs to issue a reserve currency, and it demands the issuing central bank serve two competing audiences and markets.Judging by the headlines and pundit chatter, the U.S. dollar is about to slide directly to zero….
This is why denormalization is an extinction event for much of our high-cost, high-complexity, heavily regulated economy.A collapse of major chunks of the economy is widely viewed as “impossible” because the federal government can borrow and spend unli…
Here’s what denormalization means: there was no “New Normal” for the dinosaurs.Everyone talks about the “New Normal,” as if there’s a guarantee that life will return to normal. But the “New Normal” is De-Normalization, which I defin…
