Tag Archives: central planning
The Unvirtuous Cycle of Rate Cuts
Trying to artificially control things like interest rates without understanding the underlying economic realities leads to an unvirtuous cycle full of unintended, and often unpleasant, consequences. Over the last 112 years this has resulted in a steadily declining dollar and massive debt and deficits. Continue reading
Social Insecurity and the Fate of All Ponzi Schemes
Elon Musk – the richest man in the world – is doing a fine job shaking up Washington’s political establishment. He recently took to the Joe Rogan podcast where he said, “Social Security is the biggest Ponzi scheme of all time.” Continue reading
Let the Games Begin!
Monetary policy took center stage this week. On Tuesday and Wednesday, the Federal Open Market Committee (FOMC) huddled up, licked their collective index finger, held it up to the wind, and then commanded how they would intervene in credit markets. Continue reading
Votes for Handouts
Vice President Kamala Harris wants to help you. But you must vote for her first. She needs to be elected President in November before she rolls up her sleeves and gets her hands dirty for the American people – including you. Continue reading
