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The Destruction of the American Middle Class
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Since money-printing went into permanent high gear after the dotcom crash in 2000, the top 1% of households have gained $20 million each in inflation-adjusted net... Read more.
Trump’s Disastrous Final Year in Office
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We are now 40-months on from the Donald’s foolish empowerment of Dr. Fauci and his Virus Patrol in mid-March 2020, and all doubt has been removed. If there were... Read more.
America’s Prolonged Economic Stagflation
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The US economy is freighted down with debt and it is also short of labor, riddled with non-productive speculation and financial engineering and starved for productive... Read more.
The Battle Against Inflation Is Nowhere Near Won
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In a word, American fiscal governance is broken and broken badly. Owing to the Fed’s massive monetization of the public debt over last several years Washington... Read more.
The Buck Stops Where?
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The most outrageous breakout of statist excess in US history happened on Donald Trump’s watch with his full complicity. In turn, these Covid-lockdown assaults... Read more.
The Administrative State Strikes Again: Monetary Edition
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They have done it again, and in a way that makes a flaming mockery of both honest market economics and the so-called rule of law. In effect, the triumvirate of fools... Read more.
Twitter Became the Ministry of Truth
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The Twitter story is not a one-off case, nor is it evidence that Wall Street and the homegamers alike are comprised of greedy fools who will fall for anything. To... Read more.
Let the Real Investigations Begin
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Indeed, it would not be going too far to say that the eruption of irrationality and hysteria in America during 2020-2021 most resembled not 1954, when Senator McCarthy... Read more.
The Post-Lockdown Labor Market: Weak and Worsening
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What is happening is people are taking multiple jobs in order to stay abreast of the soaring cost-of-living, and also because work-from-home has made it very easy... Read more.
Bravo, Elon!
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Twitter’s phony “content moderation” operation was not unique, but symptomatic of a much broader perversion of corporate management throughout Silicon Valley... Read more.
The Macroeconomic Consequences of Lockdowns and the Aftermath
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Washington compensated one and all for the resulting harm and then some by unleashing a $6 trillion spending bacchanalia in less than 14 months, which was accomplished... Read more.
Inflation and Recession are Becoming Entrenched
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A bad stagflation is here. Since the Fed will be locked in a battle to tame the price side of the equation even as real output falters for months and years to come,... Read more.