Category Archives: Government Debt
How Faux Capitalism Works in America
The 2008 financial crisis helped clarify how faux capitalism works in America. That when the big corporations and the big banks get in trouble, the people on top quickly absolve culpability while appropriating public funds from their friends at the Treasury for the purpose of private bailouts. This, in effect, socializes the losses across bottom rungs of society and concentrates profits across the top. Continue reading
Choking On the Salt of Debt
Roughly three years ago, after traversing between Los Angeles and San Francisco via the expansive San Joaquin Valley, we penned the article, Salting the Economy to Death. At the time, the monetary order was approach peak ZIRP. We found the … Continue reading
As the Credit Cycle Turns
A rising stock market has the illusory effect of masking the economy’s warts and blemishes. Who cares if incomes are stagnant when everyone’s getting rich off stocks? Certainly, winning wealth via the stock market beats working for it. Without question, … Continue reading
What Fed Chair Powell Forgot to Mention
What are the chances of Federal Reserve Chairman Jerome Powell being wrong? The chances he’ll be wrong on the economy’s growth prospects, the direction of the federal funds rate, and inflation itself? Our guess is his chances of being wrong … Continue reading
