Into the Fire
Measured in gold, the story takes an even darker turn. Instead of being worth 38 billion ounces of gold, today’s economy is worth only 7.5 billion ounces — less than a quarter as much.
Prepare for Rip-Off
Prepare for Rip-Off
People generally are probably no more corrupt than they always were. They are neither always good, nor always bad…but always subject to influence.
A Great Crime
A Great Crime
Did society advance when Sparta burnt Athens to the ground? When Sherman burnt Atlanta? Was civilization inching up the hill, or sliding down it, when Candy Crush was developed?
The Astonishing AI Boom
The Astonishing AI Boom
Our baseline instinct is that most new technology is a waste of time. Even not-so-smart electronics often do more harm than good. Like mutations in the gene pool, most are sterile…or grotesque.
Prepare for Landing
Prepare for Landing
Humans wander out of the box. This is how we get our art, music and literature. This is also how we get big disasters…and big breakthroughs.
Socialism Whacked
Socialism Whacked
Milei is doing something different. He’s cutting budgets, trimming employees, and chopping off unnecessary bureaucratic appendages. He’s been in office for a little shy of two years
Back with the Breeze
Back with the Breeze
People are neither always good nor always bad, but they are always subject to influence. The last three decades tells them they can get other peoples’ stuff without ever paying for it.
Burning Down the House
Burning Down the House
Congress could easily end the shutdown by coming to an agreement on healthcare subsidies. Other disputes could be readily resolved in the familiar way — in which both sides agree to spend more money.
Colossal Wrecks
Colossal Wrecks
Bubble markets have their moments of triumph too… just before they fall apart. It is then too when prices get furthest removed from real values.
Paranormal Activity
Paranormal Activity
Is the ‘crypto’ industry just another ‘mistake’ — ‘creating wealth’ while producing nothing…gobbling up huge amounts of time and money, and ultimately reducing the amount of capital available?
