Category Archives: Economy
Garbage In Garbage Out Economics
“On two occasions I have been asked, “Pray, Mr. Babbage, if you put into the machine the wrong figures, will the right answers come out? …I am not able rightly to apprehend the kind of confusion of ideas that could … Continue reading
More Monetary Policy Madness
Something extraordinarily uncommon is happening. Something that hasn’t happened since 1988…back when the U.S. federal debt was just $2.6 trillion. According to the Institute of International Finance, wealth is not flowing into emerging markets for the first time in 27 … Continue reading
Black Swan Fledgling – The Debt Crisis Takes Flight
The debt based money system plods along according to plan. The Fed offers unlimited credit. Public and private entities borrow and spend it. One of the more popular delusions of contemporary culture is disbelieving the money will ever have to … Continue reading
Oil Debt Bubble Facing Total Collapse
Oil prices appear to be holding at about $45 per barrel, for now. Gasoline prices are finally coming down too. Here in the land of fruits and nuts we filled up our gas tank over the weekend with the cheap … Continue reading
