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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.

The point is the good times of seemingly endless expansion are never permanent yet human regimes become accustomed to managing only expansion.

The top monkeys are doing very well indeed, while the troop is feeling that the Monkey Gods have signaled their displeasure with the failure of the top monkeys.

Balancing globalized trade and capital flows with domestic self-reliance and control of credit and capital is a positive development for everyone.

Politicians and corporate managers have an enviable record of self-enrichment but very little to show in terms of putting the long-term interests of the citizenry above their own short-term gains.

Because the best protection isn’t a 30-room bunker; it’s having 30 people who care
about you.

Where is the global deflator expansive enough to replace China’s one-off deflation of global inflationary forces? There isn’t one.