Monthly Archives: August 2023
Debt and Destruction
Something’s off. And it’s making life downright unpleasant for a broad cross section of Americans. The average worker, after putting in his 40 hours a week, is coming up short. Cash outflow consistently exceeds cash inflow. Debits overwhelm credits. How could this be? Continue reading
An Urgent Appeal for Duane “The Master of Disaster” Peters
Duane Peters worked really, really hard at being “The Master of Disaster” for over 40-years. Day after day. Year after year. Decade after decade. He gave it his all. It was a tough job. The broken bones. The knocked-out teeth. The many face pummelings. But he was good at it. Continue reading
Tasting the Forbidden Fruit
Make no mistake, consumers and businesses got themselves into this mess. No one held a gun to their heads and forced them to borrow money. They did it to themselves. Continue reading
How the Fed Retarded the Residential Real Estate Market
Even though houses are completely unaffordable, prices remain high because the supply is ultra-constrained. The Fed, in essence, retarded the residential real estate market. Only well-intentioned central planners could accomplish such a feat. Continue reading
