In Ancient Greece sophists were teachers who taught virtue, which in those days generally meant the art of statesmanship, to young men rich enough to afford their services. Sophistry, as their art was called, is a trade much criticized in the dialogues of Plato, where Socrates attacks not only the practice of teaching for a […]
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 […]
Look at this chart! It says everything one needs to know in a single graphic. The problem is orders of magnitude worse than it was before the 2008 financial crisis. Many many many times worse! No, our banking system is not “sound” as your fearless leaders would like you to believe. And the problem this […]
