From the Guardian: Decline and fall of the American Empire Key passage: “Let me put an alternative hypothesis. America in 2011 is Rome in 200AD or Britain on the eve of the first world war: an empire at the zenith of its power but with cracks beginning to show. The experience of both Rome and […]
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 […]
It is funny, in a way, how people view politics. For most it is like any professional sport, they choose a team at some point in their life, based on some illogical rationale, such as the color of their uniforms, a family member who roots for them, or maybe it was the only team on […]
