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 […]
There perhaps is no more apt analogy for our current financial crisis than the USS Titanic. Mr Ismay with his fateful line “when can we get underway, dammit!” embodies current American sentiments like “we can’t let this crisis slow us down,” “how can we fix this?” and “the USA’s banking system is just too robust […]
The last 60 seconds of this documentary is a bit off, but 99% of it is spot on and demands attention. The cost of an American college eduction was once “well worth the cost.” It no longer is (for a vast majority of reasons). The promises of $1M more in aggregate salary over a person’s […]
