Statistics and stereotypes are the bread and butter of public policies. In the US, the Biden Administration has just ordered a campaign of ‘racial equity’ for the federal government.
On Quality
Additional debt means that additional money has been put in the system. More money in circulation means more inflation. Remember, it’s borrowing that brings new money into existence.
‘Capitalism Has Failed’
Observations from south of the Rio de la Plata…leading to observations about things north of the Rio Grande…
Vandals and Knaves
Producer price increases lead to consumer price increases later. So, the Fed will have to stick with its rate hikes. And higher rates are bound to cause consumers and businesses to make cutbacks (aka ‘recession’).
Financial Harakiri
The real purpose of the quack ‘researchers’ is not to help us understand and communicate, but to upend thousands of years of learning and adapting with the faddish conceits of the here and now
American Hegemon
What will the future bring? We’ve read no more of tomorrow’s headlines than you have. But it looks like the US’s wars and sanctions may be breeding the next lead dog. Empires have to die somehow. Inflation and war are time-tested ways to kill them.
Just Say No!
Why do we have inflation? It’s a choice, right? Policymakers choose it as a way of financing their spending. And a single word would stop it — no. As in ‘no more money printing…no more ultra-low interest rates…no more budget deficits’
Russia’s Shadow Fleet
These headlines tell us what sanctions have wrought; they’ve caused a ‘Pivot to Asia’. And now, a whole new ballgame is taking shape.
An Act of War
It’s not every day that the US commits an act of war — against two of the most powerful nations in the world. It’s not every day that the US attacks its own allies, either.
ChatGPT on the Dollar
Sometimes, stupidity alone isn’t enough. You also need to pay attention to what we call, pretentiously, the ‘Darwinism des moeurs’. That is, we follow the evolved rules, customs, and habits that have stood the test of time.
