By Sean Dempsey, 6/24/23 His people were anxious. That much couldn’t be denied. Every day it seemed his power was threatened as social unrest swelled to new crescendos. One morning the Emperor concocted a bold plan. He knew his tenuous grip on power was fading, but by keeping the people focused on an external enemy […]
This article from Slate does a very decent job at explaining how bad the economic situation is and will most likely remain so for the foreseeable future. Then near the end, the classic Keynesian slip, “That is not to say that there is nothing to be done, of course, or that the current state of […]
By Sean Dempsey, 3/19/25 This is a response to Max Baecker’s terribly misguided recent piece in Forbes. The Real Cause of Rising Commodity Prices: Inflation, Not a Bubble The surge in commodity prices today is not the result of a speculative bubble but rather a direct consequence of inflation caused by a massive expansion of […]
