Category Archives: Politics
Will Larry Summers Save the World Again?
Modern macroeconomics is a boring and dreary trade. The monthly report outs on GDP, unemployment, inflation, and other data aggregates, are a dull waste of time. What decisions could you possibly make to improve your lot in life from these data reports? Continue reading
Biden’s Global Climate Summit Kicks Off Full-Tilt Wealth Redistribution
The central planners are setting the stage for epic, government directed renewable energy boondoggles. A full-tilt raid on the public purse that will make everyone rich – except you. Printing press money will be distributed to mega solar and wind generation programs as a matter of monetary and fiscal policy. Continue reading
Coming to America: LA Metro’s Model of Extreme Capital Consumption
LA Metro’s Fiscal Year 2020 budget was $7.2 billion. Of this, only $284.5 million was covered by passenger fares. Another $96.8 million was covered by advertising and other revenues. The remaining $6.8 billion was covered by five different sales taxes, diesel and gas taxes, highway tolls, and various grants and bonds. Continue reading
Let The Good Times Roll
The storming of the U.S. Capitol Building on Wednesday was a wacky and wild escapade. But it shouldn’t be a surprise. These things happen when a nation’s in decline. And, as Wednesday demonstrated, America’s recline and flail goes on. Continue reading
