Current fiscal stimulus efforts mimic those of the great depression. FDR attempted to diddle the market by faking up liquidity in region #3 of the graph below. This region is the region where costs are artificially higher than the market economy can support. This attempt was implemented using wage controls that Read more…
One must ask why you do not see these shows on Discovery or History Channel. Can you say AGENDA ??? And have you ever noticed how greenies like the word TOXINS? Toxins this toxins that! FYI: Aluminum cans are the only recycling is the only valid type. Read more…
The following is a true story told to me by my father. In my fathers neighborhood there was a guy who he thought would stop at nothing to make money during the depression. It was said this man would fish out used rubbers at the sewer plant. He would then wash them Read more…
Straight from Matt Mullenweg's mouth: We basically make money from our services 4 ways: 1. WP.com upgrades (space, domains, etc) –
Every generation of people that pass across the face of the Earth feel that they are different in some way from the past waves of humanity. The politician of today imagines they have tools to control the economy that they did not have in 1929. They imagine they can stave Read more…
People are suggesting that by not changing conservatives will fail. As per the book “The 48 Laws of Power” the only way you fail is by not being successful in the effort to feed your armies. In this case voters = armies. We need to architect a type of capitalism that Read more…
You want to use mathematics of some type to model behavior of the economy. How to do this? A model uses carefully simplified descriptions of systems to attempt to predict the future. What the economic system is? I propose a herd of cattle. Why? generally travels in groups – behavior is Read more…
The next boom / bust cycle is already in the cards. Our wizards of smart politicians in Washington D.C. have insured that with a tanker load of fiat issued scrit paper money. So what is my prediction? It goes like this Next year … 2009 will be a very slow Read more…
I have a friend who lives in the mountains of Arizona. He does not have cable, satellite or high speed internet. He listens to NPR Its frightening to think the only think he has have is NPR. That’s like putting acetone in your aquarium instead of water. They remind me of Radio Moscow when I listened to Read more…
When I first went to Brazil the exchange rate was 3 reals per 1 US Dollar. Over time the dollar had decayed to the 1.5 to 1 level. I checked the exchange rate yesterday thinking that the rate might give some indications of the future. I was shocked to find Read more…