Category Archives: Government Debt
Living On Borrowed Time
Practicality the entirety of Congress now believes that the ability to pay should not limit the ability to promise people whatever they want. There’s no poll of members of Congress to support this assertion. We base it on what they’ve communicated by real, material actions. Continue reading
Japan’s Yield Curve Control Regime is Coming to America
The central planners at the Fed and the U.S. Treasury, like the central planners at the BOJ, want a yield curve that looks just right. Namely, they want a yield curve that uniformly steps up like topographic elevation curves step up from California’s Death Valley along the face of the Eastern Sierra to the Mount Whitney summit. Continue reading
Final Collapse is Inexorable
This week central planners pursued their primary mission with steadfast conviction. They planned. They prodded. They prearranged tomorrow to save us from ourselves. Some also grubbed a little graft for their trouble. Continue reading
Realizing the Full Implications of the Forthcoming Catastrophe
The popular delusion of the 21st century is to assume the highest virtues of democracy. This faulty assumption propagates a dangerous archetype: the tyranny of the masses and its twin consequences, deficits and inflation. Continue reading
