Of Two Minds


While We’re Obsessing About the Economy and the Fed, Society Is Unraveling

March 29, 2023

The market and the government will continue to promote and support a neofeudal status quo until they are forced by society to restore the common good and opportunity. Of the three primary dynamics of human endeavor–the market, government and society–we focus almost exclusively on the first two.


The Everything Bubble and Global Bankruptcy

March 26, 2023

The resulting erosion of collateral will collapse the global credit bubble, a repricing/reset that will bankrupt the global economy and financial system. Scrape away the complexity and every economic crisis and crash boils down to the precarious asymmetry between collateral and the debt secured by that collateral collapsing.


Bull or Bear? The Ultimate Source of Market Instability

March 23, 2023

Everyone wants a trend they can trade for effortless gains. That may no longer be realistic.


Welcome to the Era of Warring Elites

March 21, 2023

What the Warring Elites don’t want us to realize is that a system of transparent competition in which no fiefdom is allowed to become dominant best serves the interests of society at large.


We’ve Forgotten That Business-Cycle Recessions Are Essential

March 20, 2023

A stagnating zombie economy never recovers. Four decades of rising markets punctuated by crisis-induced crashes seems to have fostered an unspoken belief that no one should ever get hurt in markets or the economy.


Funny Things Happen on the Way to "Restoring Financial Stability"

March 16, 2023

We can also predict that the next round of instability will be more severe than the previous bout of instability. Everyone is in favor of “doing whatever it takes” to “restore financial stability” when the house of cards starts swaying, but funny things happen on the way to “Restoring Financial Stability.”




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. 


Jesse Hirsh

Futurist, researcher and public speaker, Jesse Hirsh has been active in technology and commenting on it across the media for 25 years. His premium newsletter service operates from


Charles Hugh Smith

Charles Hugh Smith is the author of numerous books and writes from