Summary: Europe's leaders have opened their borders to immigrants with radically different cultures. It's one of history's largest public policy experiments, made with little or no planning or research about its consequences. In 1968 Enoch Powell, a genius British politician, foresaw this -- and warned about its effects on Britain. The generation now growing up … Continue reading Martin van Creveld: Britain’s smartest leader warned about open borders in 1968. It blew their minds.
Summary: September housing starts were weak, as they have been since the crash. Their failure to recover has been a surprising and large drag on this economic cycle. Demographic change and slow GDP prevent a housing recovery. On the other hand, housing busts create recessions; this slow expansion (without a boom) is more sustainable -- … Continue reading Why New Home Construction Is Slow, And Will Remain So For A Long Time
Summary: Doomsters dominate the news, as they terrify us for fun and profit. Here's good news from the IMF about global food production. See it here; you probably won't see it in the news. Let's not become complacent; the IMF warns of the large challenges that lie ahead. “If current trends continue by the year … Continue reading Good news from the IMF about feeding the world’s people