Things floating around in these present times… “>”Food insecurity” isn’t an ongoing concern in the United States, as leftist hand-wringers claim. The methodology (not to mention special interested) that drove the study were flawed. A not-so-funny joke in our government: The Army, given $4.3 billion to track spending, can’t track spending. Psychopaths have bad sniffers.…
DetailsWe call this Regime Uncertainty: I maintain that no matter how much cash you have on your balance sheet, or how compliant your banker might be, or how cheap the cost of money, you will not commit substantial capital to expanding your payroll or investing significant amounts to expand plant and equipment until you know…
DetailsThe U.S. financial system faces a major, growing, and much under-appreciated threat from the Federal Reserve’s risk modeling agenda—the “Fed stress tests.” These were intended to make the financial system safe but instead create the potential for a new systemic financial crisis. The principal purpose of these models is to determine banks’ regulatory capital requirements—the…
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Household inequality is portrayed as a vast chasm of destructive essence which will lead to the fracturing of the country and world if it continues. No justification is ever given for GINI coefficients having much to do with a failing economy (at least, never without serious confounding variables), but the assertion is maintained as true…
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As the military industrial complex churns on and on without a major international engagement to supply, the question of demand inevitably arises. Keynesian spending can only help the economy if there are buyers for the new goods no one asked for. The solution for the military industrial complex became law enforcement. Since the war on…
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