This weekend’s Paris attacks, occurring in the middle of one of history’s largest mass-migrations, has the feel of uncharted territory. But it’s actually an eerie
What’s the opposite of a gift that keeps on giving? A mistake that keeps metastasizing. Which pretty much sums up the US role in the
Normally there’s a distinct pattern to the impact of Federal Reserve statements on the financial markets. The tone of equities trading in particular starts to
The past few days have seen another batch of blah economic reports in the US: Weak U.S. retail sales hint at slower economic growth (Reuters)
David Stockman just published a chart so compelling that he didn’t feel the need to add any commentary. But there are a few things to
Sometimes little things are the start of much bigger things. Probably the most famous historical example of this is the June 1914 assassination of an
So the markets are getting skittish and the media is obsessing about the many things that could go wrong out there. It’s like 2007 all
Of all the problems with fiat currency, the most basic is that it empowers the dark side of human nature. We’re potentially good but infinitely
Nearly a century after the fact, the Great Depression remains THE object lesson for virtually every branch of economics. To monetarists the fact that the
Like any other weak-willed entity, an over-indebted country eventually finds that formerly-easy things get harder to do. Today, for instance, banks are having trouble attracting
Most people learn by the age of 10 or so that making promises is easier than keeping them. That’s why really big promises like corporate
As incomes stagnate and prices rise, a growing number of Americans face a tough choice: either descend a couple of rungs on the lifestyle ladder
While the rest of the world is slowing down and in some cases dropping into actual deflation (see here and here, respectively) the US has,
Not so long ago, a reasonably-presentable American could live an hour outside of a city and commute in for a government or banking job, thus
Debt works the same way for countries as for families and individuals. That is, if you borrow too much, your life begins to suck. And
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