The problem with fake money
Fake money seems to bring out the worst in people. Like the village prostitute, it is available to all…but cherished by none…and ultimately abused and depreciated.
No Index
Free Money to Change Your Life
The whole idea was to get money into the economy…so it could be spent. The fraudsters were just doing the jackasses in Washington a favor.
Everybody loves a Ponzi
The trouble with history is that it is unforgiving. Like double entry bookkeeping, for every credit, there’s a debit. Attached to every rise is a fall. You can’t get one without the other.
Mouth of the South
The quality of America’s public and elected officials seems to have declined sharply over the last 50 years. Glancing back at the Watergate scandal we wonder if the Epstein Saga will go the same way.
In Thrall to Foreign Gods
The days of consensual democracy are clearly over. We are in some kind of Banana Republic/Strongman phase. This was highlighted yesterday in a news item that showed the strongman signing another EO.
Is AI a ‘Super Sell’?
Of the entire GDP gain for last year — $174 billion — fully three quarters of it were from capital investment in the AI/high tech industry. Take it away…and most of the ‘growth’ vanishes.
