Deficit Spending

"Sleepwalking Into An Even Worse Version Of The 1930's Depression"

"Governments around the world do not seem to understand the situation we are facing. In large part, this is happening because economists have built models based on their view of how the world works...We seem to be sleepwalking into an even worse version of the Depression of the 1930s."

Congress’ Radical Plan To End Illegal Money

"Perhaps they may unwittingly do us all a favor and fail to raise the debt ceiling. Could the dopes in Congress hatch a more radical plan to put an end to the government’s illegal money? Only by accident..."

Why 2017 Is Like 1969

A deeply polarizing new president, a disastrously misguided official narrative that the political Establishment doggedly supports despite a damning lack of evidence, and an economy teetering on the edge of recession--and worse. Sound familiar? Welcome to 1969 redux. The similarities between the crises unfolding in 1969 and the present-day crises are not just skin-deep--they're systemic.

Ron Paul Warns "Central Bankers Are Always Wrong...Especially Before A Bust"

"...The attitude right now is that Keynesianism and deficit financing and printing money and militarism is the solution but it’s all coming apart... the authoritarians are clinging to power so they can collect the revenues and make sure you’re not getting around the system. That’s what the cashless society is all about..."

The Breaking Point & Death Of Keynes

The Keynesian model died in 1980. It’s time for those driving both monetary and fiscal policy to wake up and smell the burning of the dollar. We are at war with ourselves and the games being played out by Washington to maintain the status quo is slowing creating the next crisis that won’t be fixed with another monetary bailout.

America's Fertility Rate Falls To Record Low

The US isn't yet grappling with the economic disaster that is a shrinking popuation - unlike Japan. Though it's starting to look like a not-too-distant possibility...

Draghi Doesn't See "Bubbles" - Let Me Show You Some

"Ask yourself a question: On the day the ECB stops buying, which of you would buy peripheral or European bonds at these prices? Clearly, the first sign of a bubble is the absence of demand in the secondary that offsets the impact of the ECB..."

Illinois Comptroller: "The State Can No Longer Function"

"The state can no longer function without a responsible and complete budget... We are effectively hemorrhaging money... I have been very vocal regarding these issues and the budgetary impasse since assuming office six months ago; however we are now reaching a new phase of crisis."

The Keynesian Cult Has Failed: "Emergency" Stimulus Is Now Permanent

What do we call a status quo in which "emergency measures" have become permanent props? A failure. The "emergency" responses to the Global Financial Meltdown of 2008-09 are, eight years on, permanent fixtures. Everyone knows what would happen if the deficit spending, money-printing, zero interest rates, shadow banking, asset purchases by central banks and all the rest of the Keynesian Cult's program stopped: the status quo falls apart.

Venezuela: Forty Years Of Economic Decline, Part 1

While Chávez and his successor Nicolás Maduro deserve the brunt of the blame for Venezuela’s current economic calamity, the underlying flaws of Venezuela’s political economy point to much more systemic problems.