Every crisis becomes a religion. It’s inevitable. Especially if it lasts long enough. One factor in that transformation is the “Beautiful Theory” phenomenon. This is the phenomenon where those who sell news team up with those who seek to lead others and insist some remedy is urgently needed and politically correct — so it MUST […]
Tonight you turn on tv. CNN, Fox News, MSNBC. All media sources, all newspapers, all outlets: they all scream one thing: You must decide in a handful of months what the entire country is to have for dinner. Unfortunately there are only two options. A pile of cow manure. OR a pile of horse manure. […]
Inflating the money supply (aka creating massive inflation) during a crisis and going into massive debt is like trying to dig your way over a mountain. History should be our guide, not Keynesian vudu. Actual transcript from Powell during his interview on 60 Minures below: https://www.cbsnews.com/news/coronavirus-economy-jerome-powell-federal-reserve-chairman-60-minutes/#app Scott Pelley: Where does it come from? Do you […]
