A new, radical paradigm shift is in progress. The U.S. economy may shrink as much as 40% in the first semester of 2020. China, already the world’s largest economy by PPP for a few years now, may soon become the world’s largest economy even in exchange rate terms. The post-Planet Lockdown world – still a…
Government intervention into the market is always, and without fail, the wrong response to an economic problem. Politicians justify their intervention with ‘saving jobs,’ ‘dealing with a crisis’ or simply, ‘because I can.’ They only focus on the ‘seen’ and ignore the ‘unseen’ effects of their policies, selling them to voters on that basis alone….
Julian Simon – thou shouldst be living at this hour. Simon, of course, was the University of Maryland economist who caused a major intellectual stir in the early 1980s with a not-bad anti-Malthusian polemic called “The Ultimate Resource. It was “not bad,” the journalistic equivalent of an A-, because it addressed a number of vital…
What will be next? Is a question on many people’s minds. Very likely the world will never be the same again. That might be good, or not so good, depending on how we look at this disastrous, “pandemic” which by all serious accounts does not deserve the term “pandemic”, that was unwittingly attributed to the…
We’ve crossed the monetary Rubicon. There is no going back to the way things were. With the creation of a series of Special Purpose Vehicles (SPV) the Treasury Dept. and the Federal Reserve have fundamentally altered the financial landscape of the United States. We are no longer a country that tolerates the risk of capitalism….
As the lockdowns across Europe began to bite, the U.S. Establishment began its ‘wobble’. The more elegant amongst élite circles pointed to a dangerous mis-match in timelines: The medical advice has been: ‘lockdown until the virus begins to subside’, but that advice encompassed too, the possibility of Covid-19 returning later in the year in a…
