Deficit Spending

The Global "Bubble Arms Race" Has Ushered In The Age Of Government Strongmen

"It’s all quite unsettling. Global finance has run completely amok. This has been unfolding for so long now that few are concerned... It has reached the point where these Bubbles have become part and parcel to global power, with countries not willing to risk being left behind. It’s as if it has become An Arms Race in Bubbles."

US Boosts Defense Spending - To What End?

"...there are few indications the US elites have accommodated themselves to the new, post-hegemonic, international balance of power, and the boost in military spending is a reflection of their efforts to recapture past glories. But it is unlikely they can reverse the process of US hegemonic decline. Indeed, this effort actually represents a still-heavier burden on the already weak US economy."

Weekend Reading: Tax Cut Wish List

"It is a simple function of math. But the following chart shows why this has likely come to the inevitable conclusion, and why tax cuts and reforms are unlikely to spur higher rates of economic growth..."

Stagnation Is Not Just The New Normal - It's Official Policy

"Although our leadership is too polite to say it out loud, they've embraced stagnation as the new quasi-official policy. The reason is tragi-comically obvious: any real reform would threaten the income streams gushing into untouchably powerful self-serving elites and fiefdoms."

The “Trump Tax Plan” - Details & Analysis

Trump's "historic" tax bill, as proposed today, will likely look very different by the time it is actually voted on. However, as is always the case, the “devil is in the details." Here are the notable highlights...

The Government Debt Paradox: Pick Your Poison

"Over the decades, the entire economy’s been warped by the constant expansion of government debt.  Take it away, and the economy crumbles.  Continue its current trajectory and the economy blows up. That’s the government debt paradox we presently live with.  Pick your poison.  Enjoy the ride!"