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The sole remaining reservoirs of trust in American life are personal networks, local enterprises and local institutions.

The few winners of global recession will use the decline as a means to break the chokehold of unproductive BAU elites.

Everyone at the trough believes that the transition from liquid water (free flowing credit) to ice cannot possibly happen. So when it happens, everyone will be surprised.

The financial analysts gloating over the prospect of higher corporate profits resulting from firing workers overlook the collapse of customer satisfaction, productivity and leisure.

Part of why AI chatbots are so dreadful is we know the corporation / agency doesn’t care whether our problem gets resolved or not.

Policy errors have consequences, and we’re only in the first inning of those consequences.

What changed in the economy is now nobody can afford to get by on working-class wages because there’s no longer any bargains.

If Central Planning can’t expand its power, it expands its budget, at the expense of its programs.

What’s valuable is flexible, entrepreneurial, experiential-based skills that can be applied to a variety of problems–including those that have yet to arise.

One wonders what we’re paying for via taxes, products and services, when we end up having to do so much of the work ourselves for nothing.

Everything is presented as rock-solid until it falls apart.

The top 0.1% will weather a recession just fine, but that will offer cold comfort to the other 130 million American households.

Those who came of age after 1982 have never experienced a real recession, and so they’re unprepared for anything other than guarantees of rescue and permanent expansion.

The International City offers a hopeful, practical model for transforming the global economy by giving people a choice.

Those subscribed as of February 29 will lock in the current rate for the life of the blog, those subscribing on March 1 or later will pay the inflation-adjusted rate.

The rot caused by easy money will only become fully visible when the hollowed out institutions start collapsing under the weight of incompetence, debt and hubris.

Make the U.S. attractive to labor and capital with low rates and a simple, fair tax system and the populace and economy will benefit.