Lessons from the Unraveling of the Roman Empire: Simplification, Localization
The fragmentation, simplification and localization of the post-Imperial era offers us lessons we ignore at our…
Author: Charles Hugh Smith
All Bubbles Pop
The problem with bubbles of received wisdom and herd-euphoria is conditions change but the risk of…
I Keep Changing Channels But It’s Still the Same Program
We can pretend an insanely over-leveraged, fragile status quo is rock-solid and will deliver the goodies…
Everyone’s Talking about Currencies: 21 Points
The ideal 'sound money system' is one in which many currencies, both state-issued and privately issued,…
It’s Mourning in America
Now that America has been transformed from a high-trust social order into a low-trust social order,…
Lessons from The Great Depression
The risks of gambling in speculative frenzies and depending on serial asset bubbles continuing forever are…