Summary: A people’s greatest madness is usually hidden from them. So it is with America’s war on drugs. Generation after generation it goes on at vast cost — both in terms of money and the damage it does to our society. Much like prohibition, and so shows our FAILure to learn. Today’s post describes a …
Paths to Recovery for Gay and Bisexual Drug Addicts: Healing Weary Hearts Read More »
Summary: Today we discuss the nature of the great monetary experiment now under weigh, with five years of zero interest rates and repeated doses of quantitative easing. What does it mean to say this is an “experiment”? If we cannot reliably predict the outcome, at least let’s understand how we got into this predicament. . …
Summary: It is all about models. That’s true about all sciences, from physics to climate to economics. If you don’t believe in models, you don’t know what model you use. Today we will discuss two models that describe quantitative easing. The correct model describes the likely outcome from ending QE3, and whether it will be …
The key to understanding the future of QE3, and the future of our economy Read More »
Summary:Â We have begun a critical phase in the great monetary experiment. We know that we should stop, but our leaders fear the resulting economic shock. They fear to stop, fear to continue. There is a clear model describing this process, but one too disturbing for most people to accept: addiction. The decisions made during …
The great monetary experiment enters a new phase, with America as the stakes Read More »
Summary: A different perspective on the New America arising now. Heroin, unemployment, and inequality — bricks in the structure. I have attempted — with, I suspect, little success — to convey to you that we have left America That Once Was and begun a journey to a New America. We were relaxing by the river, …
