Category Archives: Economy
How Fed Dependence on Bogus Data Invites Disaster
Numbers may seem like hard facts. But they are rigorously flexible in the right hands. The game often involves framing. Politicians and bureaucrats are masters of it. Continue reading
Capitalism: The Enemy of Poverty
Argentina tried it all. And what they got wrong, they tried, tried and tried again. Big State economics and Big Government politics introduced such a discombobulating thicket of malincentives, navigating one’s way through the labyrinthine maze of grift, corruption and public indoctrination was made perfectly impossible. Continue reading
How to Make a Government Disappear Completely
When we first began visiting Argentina, back in 2010, it was an certified economic basket case, well on the road to Caracas… if not Harare. Moreover, its political landscape was essentially one giant crime scene, such that you could have drawn a chalk outline around the entire barrio of Congreso and nary caught a pure heart or clean conscience in the undue process. Continue reading
Make Depressions Great Again
President Trump, with his Liberation Day tariff program, has started something that he cannot stop. The economic metamorphosis – a bifurcation between east and west – is already underway. Global trade is contracting. Supply chains are breaking down. Continue reading
