Gross Domestic Product

America's Miserable 21st Century

The Great American Escalator is broken - and it badly needs to be fixed. With the election of 2016, Americans within the bubble finally learned that the 21st century has gotten off to a very bad start in America. Welcome to the reality. We have a lot of work to do together to turn this around.

Debunking The Big Lie

There is no such thing as good monetary policy. There is no such thing as effective monetary policy, or monetary policy that does no harm. There are only the times when most people see no overt symptoms, when they don’t realize the damage being done.

The Status Quo Is Not Working

The conventional objections to DeGrowth boil down to: it isn't the status quo, so it can't work. Actually, it's the status quo that isn't working.

The Hope For A "Greater Fool"

The “Greater Fool Theory” surmises there is always a “greater fool” than you in the market to sell to. For Wall Street, that greater fool is you. Haven’t you ever wondered why Wall Street never tells you to “sell and raise some cash?”

Alan Greenspan: Ron Paul Was Right About The Gold Standard

"When I was Chair of the Federal Reserve I used to testify before US Congressman Ron Paul... we had some interesting discussions... We would never have reached this position of extreme indebtedness were we on the gold standard, because the gold standard is a way of ensuring that fiscal policy never gets out of line."

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.

Pence Vows "Unwavering Support" For NATO, Pledges To Hold Russia "Accountable"

On Saturday morning Vice President Mike Pence did his best to return to conventional foreign policy after he vowed that the United States will "hold Russia accountable." In an address to the Munich Security Conference, Pence assured European allies that the U.S. "strongly supports" NATO and will be "unwavering" in its commitment to trans-Atlantic institutions like NATO.

US Household Debt Rose To $12.6 Trillion In 2016: Biggest Jump In A Decade

Total US household debt jumped in Q4 driven by increases in credit card debt, auto and student loans, and a Q4 surge in mortgage originations, and as of December 31, 2016, stood at $12.58 trillion. For the full year, total household debt rose by $460 billion, the biggest annual increase in a decade.

An Economic Showdown Is Looming

The idea that the entrenched political establishment is willing to take these risks to further their political agenda is frightening.