Tag Archives: business cycle
More Credit, More Debt: Lessons from the Last Great Unraveling
“The lord giveth increase, but man devised credit.” — Garet Garrett Solving the Debt Problem with Credit Something quite remarkable happened in the years following the war to end all wars. European economies were ruined and European governments were buried … Continue reading
Mandates and Morons: Twisting the World into a Madhouse
A win-win deal is a contract or transaction where both participants benefit. Usually this means both parties receive profits. Here’s a simple example how… An entrepreneur pencils out a money making enterprise…say an automatic car wash station. He makes some … Continue reading
Faux Capitalism and the Great Middle Class Debt Anchor
Economies, like ocean tides, rise and fall. So, too, they fall and rise. Sometimes a rising tide floats up all boats…even those captained by freeloaders. Other times a falling tide pulls down vessels crewed by even the most industrious deckhands. … Continue reading
The Greatest Show On Earth
Things are getting interesting. Last week, for instance, markets offered up both a rich comedy and tragedy above any story a Hollywood screenwriter could imagine. The comedy, of course, was the Facebook IPO flop. The tragedy, fittingly, was courtesy of … Continue reading
