The more extreme the speculative euphoria, the greater the risks of a reversal.One sentence sums up the speculative euphoria gripping markets: January and June of this year are the only months in the last 150 which have seen all assets post a posi…
What’s left to monetize? It appears the answer is “very little.”Advertising has always monetized consumers’ time and attention, what we call engagement today. Newspapers and periodicals publish advertisements, radio/TV networks…
It boils down to two very simple principles: accredit the student, not the institution and teach every student how to rigorously learn on their own.Vested interests have every incentive to maintain the status quo: specifically, thos…
If we consider the long term, it’s clear America’s economy and society have been declining for the average household for 50 years.What if the “prosperity” of the past 50 years is mostly a statistical mirage for the bottom 80% of households? What i…
Here is the moral decay of America’s ruling elites boiled down to a single word.There are many reasons why Imperial Rome declined, but two primary causes that get relatively little attention are moral decay and soaring wealth inequality. The two a…
According to the BLS, inflation in the category of “New Vehicles” has been practically non-existent the past 21 years.Longtime readers know I’ve long turned a skeptical gaze at official calculations of inflation, offering real-world analyses such as&nb…
Will bitcoin appear on this chart of global reserve currencies in the future?Could a non-state cryptocurrency like bitcoin become a global reserve currency? I first proposed the idea back in November 2013, long before bitcoin’s rise to $19,000, de…
Insolvency isn’t restricted to private enterprise; governments go broke, too.One reason the economy is so much more precarious than advertised is inflation has pushed households and small businesses to the edge–and one engine of that inflation is loca…
The asymmetries are piling up and we’re cracking under the weight.Judging by the record-high stock market and the record-low unemployment rate, the “recovery” has reached new heights of prosperity. Academics and think-tankers viewing the global ec…
Our society has a legal structure of self-rule and ownership of capital, but in reality it is a Neofeudal Oligarchy.The Inheritance of Rome: Illuminating the Dark Ages 400-1000 is not an easy, breezy read; its length and detail are daunting.T…
