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
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
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!
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
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
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
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.
Powell Power
Powell Power
The federal government changed the dollar in 1971. Thereafter, it could be easily manipulated. Politicians overspend. And they typically cover their excess spending by printing extra money.
A State of Disunion
A State of Disunion
Wednesday was a busy day for lower jaws. Powell spoke. Then, Biden spoke.It’s easy to make fun of Biden’s speech, so we will hop to it. The man has always been a hack. Now he’s an old hack. And old hacks are funnier than young ones.
Let Them…Keep Working
Let Them…Keep Working
Which would you favour, dear reader — pro or con? Set the retirement age at 60…70…75? Make the rich work longer so the not-so-rich can frolic at 60? What fun it must be to organise the lives of others — millions of them. Tell them when they should work…and when they should rest? Sure, why not?
John Dienner
