Category Archives: Economy
How to Kill a City Financially
There are pleasant hamlets where the radiant warmth of sunshine smiles down and sprinkles daily blessings and abundance. There are other places where the sun no longer shines. Remnants of past jollies cast shadows of decay. Sources of prosperity have … Continue reading
Consumers Don’t Stand a Chance
Most economists don’t do any favors for the esteem of their trade. They take ideas a third grader would know are idiotic and champion them with bluster and bravado. Hardly a day goes by where some economist doesn’t prove he’s … Continue reading
An Autumn Encounter with the Headless Horseman
A pleasing land of drowsy head it was, Of dreams that wave before the half-shut eye; And of gay castles in the clouds that pass, Forever flushing round a summer sky. CASTLE OF INDOLENCE Apple Country Oak Glen, California, located … Continue reading
The End of Extend and Pretend
About 60-years ago twentieth century economist Hyman Minsky developed his Financial Instability Hypothesis. His main premise was that economic stability breeds instability. How’s that possible? As Minsky observed, financial crisis follow periods of economic stability and prosperity. Moreover, it’s these … Continue reading
