We cannot know that unintended consequences will always be destructive. Neither models nor projections have accurate track records in predicting the future.
It seems an appropriate time to re-examine why our ability to predict the future of co…
We cannot know that unintended consequences will always be destructive. Neither models nor projections have accurate track records in predicting the future.
It seems an appropriate time to re-examine why our ability to predict the future of co…
Issuing debt and printing money do not create wealth. All they can create is a temporary illusion of wealth.
I could have written “if all the money vanishes,” but that would be misleading, for all unbacked money will most certainly vanish into thi…
There are no apolitical “personal choice” acts; there are only profoundly political acts of resistance or complicity.
I don’t how the future will unfold, not just because I’m an idiot but because it’s unknowable. Though we cannot know the …
We naturally fear change and transformation, but there is a more sinister source of our chronic stress.
Yesterday I addressed the stress created by the disconnect between official happy-talk and the reality we are experiencing: The Phony “Eco…
I’m sure that everyone will be glad that executive compensation at Fannie and Freddie (F/F) has been cut. These are public companies that exist at the whim of the taxpayers. As such, the compensation for the folks pulling the levers at F/F should con…
Depending on Central State/central bank borrowing and spending to prop up the Status Quo is a doomed strategy.
I think the thread between these three seemingly disparate stories is clearly visible. I am indebted to longtime correspondent Joel…
Americans have grown used to oil at $100 a barrel and paying more than $3 per gallon for gas at the pump. But don’t get too comfy — the price of filling up is probably going up in 2012.
Uncertainty in the Middle East, growing global demand, and a l…
Faith in the Status Quo is fading fast, spurred on by the long line of critical dominoes toppled by MF Global.
Longtime correspondent Harun I. recently submitted an analysis by Karl DenningerThe Ongoing MF Global DISASTER (Market Ticker) and …
One of the most important steps that we could take to bring prosperity back to America would be to nationalize the Federal Reserve. Doing so would allow the federal government to quit borrowing money, dramatically reduce taxes and eventually pay of…
A chance encounter with a night clerk in Paris offers insight into the power of truth and the World Wide Web.
Amidst the endless flood of propaganda (“there is no recession, Europe is about to fix all its problems in one fell swoop, a new Bull mar…