OfTwoMinds
Do We Really Want to Return to "Normal" If "Normal" Is Destroying the Planet?
Change the incentives, and the outcomes change. Ecologist Howard Odum provided a profound insight into human expansion, stagnation and collapse. He argued that humans are wired to maximize power output (i.e., consumption) rather than maximize efficiency.
VIEW POSTSystemic Risks Abound
If you wanted to design a system guaranteed to collapse in a putrid heap, you’d make moral hazard ubiquitous and you’d make the system 100% dependent on a hubris-soaked faux savior. For the past 22 years, every time the stock market whimpered, wheezed or whined, the Federal Reserve rushed to soothe the spoiled crybaby.
VIEW POSTFed to Treasury Dealers and Congress: We Can’t Count On You, We’re Taking Charge
The Fed sees itself as trapped by the incompetence and greed of the other players and by its own policy extremes that were little more than expedient “saves” of a system that is unraveling due to its fragility and brittleness.
VIEW POSTFOMO Is Loco
We can also posit a general rule that those who inherit wealth and succumb to FOMO are eventually less wealthy while those who are wealthy and take a pass on FOMO / hoarding at the top of the manic frenzy increase their wealth.
VIEW POSTU.S. Stimulus Has Created a Boom–in China
Maybe maximizing corporate profits isn’t all that matters. Maybe national security and resilience matter, too, and if they do, then reshoring critical supply chains should be a higher priority than Corporate America’s (mostly tax-free) profits.
VIEW POSTSickcare is the Knife in the Heart of Employment–and the Economy
We need to change the incentives of the entire system, not just healthcare, but if we don’t start with healthcare, that financial cancer will drag us into national insolvency all by itself. American Healthcare is a growth industry in the same way cancer is a growth industry: both keep growing until they kill the host, which in the case of healthcare is the U.S. economy.
VIEW POSTContributors
![mark_cartoon mark_cartoon](https://axisofeasy.com/wp-content/uploads/bb-plugin/cache/mark_cartoon-e1585795635741-landscape-dfb3d09261db014edde82164bc758ad0-5e954899b14d5.png)
Mark E. Jeftovic
Mark is the co-founder of easyDNS and the editor-in-chief of #AxisOfEasy. He is the author of Managing Mission Critical Domains & DNS (Packt UK, 2018) and Unassailable: Protect Yourself from Deplatform Attacks & Cancel Culture.
![len-and-joey-comic-cropped-landscape-d8753e31c44efae84b28e0ba2e36ea5f-5ebbff5948fa3 The Canadian Bitcoiners](https://axisofeasy.com/wp-content/uploads/bb-plugin/cache/len-and-joey-comic-cropped-landscape-d8753e31c44efae84b28e0ba2e36ea5f-5ebbff5948fa3-landscape-a9282f89ba4b536d66e88360dbb9b9f4-5e954899b14d7.jpeg)
The Canadian Bitcoiners
Joey Tweets and Len the Lengend are the hosts of The Canadian Bitcoiners Podcast, and you may recognize them as the voices (and faces) behing the AxisOfEasy Podcast. CanadianBitcoiners.com
![charles_comic charles_comic](https://axisofeasy.com/wp-content/uploads/bb-plugin/cache/charles_comic-e1585795652793-landscape-5a17ba8580fbc9b797571e75830a0ed9-5e954899b14d9.png)
Charles Hugh Smith
Charles Hugh Smith is the author of numerous books and writes from OfTwoMinds.com.
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