Hurricano
In the face of rising gas prices and bungled war efforts, the electorate may be turning against the people responsible for it.
Back to the Zoo
Back to the Zoo
Inflation makes it possible for you to spend money that doesn’t exist on things you can’t afford. At a certain point, though, you just can’t afford anymore inflation.
Tough as a Cossack
Tough as a Cossack
The ferry back from Cherbourg to Dublin was pleasant…and restful. The gentle heaving of the boat put us into the deep sleep of a man who can’t remember what he did wrong.
Surprise Surprise Surprise
Surprise Surprise Surprise
Pre-1971, the economy supported about two dollars of debt for every one dollar of output. Now, it is more than 4 dollars of debt/dollar of GDP.
Trouble Behind, Trouble Ahead
Trouble Behind, Trouble Ahead
Diesel is what delivers the stuff. The highways are full of trucks. And the trucks burn diesel fuel. Raise the cost of diesel and the price of the stuff the trucks deliver also goes up.
The People’s Money
The People’s Money
The basic template of all organized societies is this: those that have want to have more. Elites find reasons for non-elites to hand over their wealth and power.
A Cage Fight on the White House Lawn
A Cage Fight on the White House Lawn
On the Rushmore of financial giants is Irving Fisher, who announced a ‘permanently high plateau’ for stocks…just before they fell into a ditch in 1929.
Paper Bandwagon
Paper Bandwagon
Most stuff tends to become cheaper as new technology delivers more of it. Gold is not perfect ‘money,’ but it is more reliable than most other stuff.
Twenty Inches of Topsoil
Twenty Inches of Topsoil
Most elected governments spend too much, borrow too much, and then ‘print’ too much money. The result is inflation and insolvency, often garnished by war.
Battleships and Camshafts
Battleships and Camshafts
It is only by trade, interaction, and competition that a nation is able to keep up with its rivals…and improve its own citizens’ standards of living.
