Archive

February 18th, 2017

There's Not Nearly Enough Growth To Keep Growing

This turn inward - protectionism if you will - in the UK, US and many other places, is an inevitable development that follows from declining growth and soaring debt. Entire societies will have to be re-built from the ground up, and people will want to do that themselves, not have it dictated by strangers. At the same time, of course, those who profit most from centralization want that to continue. They can’t, but they will try, and hard.

The Art And Pseudoscience Of Monetary Policy

Central planning via Fed monetary policy circa 2017 is an exercise in nonsense, plain and simple. But that’s not all, in addition to the fatal conceit of it all, there’s another fatal flaw.