Deficit

I Hear Flapping

I Hear Flapping

By definition, we are not supposed to be able to predict Black Swan events before they occur, but I hear a lot of flapping, and it’s getting louder. If you’re interested in the future of our economy, please read Mervyn King’s new book The End of Alchemy. Lord King was...
Will We Follow Europe Into the Abyss or Pull Back?

Will We Follow Europe Into the Abyss or Pull Back?

If you were in a line of fast moving cars running in and out of fog and suddenly the fog parted and you could see that the bridge ahead had just collapsed, and that cars were falling into the deep canyon, would you continue to speed forward because you enjoy how your...

Bond Servants

In The President, which I wrote eighteen years ago, there is an African-American pastor who laments how the federal government has become the world’s largest plantation, keeping Black Americans down. Now, sadly, all Americans of every color are being driven to lives...

How To Stop Our Runaway Spending

Conservatives from key states recently voted for subsidies to sugar farmers.  Realtors demand mortgage subsidies despite the disaster of the housing finance bubble. Food Stamps are advertised on TV as a “benefit” that you don’t want to miss, and now an astounding one...

The Greecehopper and the Ants

For those of a certain age, this Disney video will be familiar. http://www.youtube.com/watch?v=wM1DgihKHVI. Please give it a watch. For an individual, household, city, or sovereign nation, it really is not much more complicated than this. With so much practical good...