Summary: Climate activists have begun to see the failure of their campaign to get public policy measures to fight climate change. Their actions follow the five stages of grief in the Kübler-Ross model. This helps us predict what comes next, and prepare. For example, stage four (bargaining) offers an opportunity to gain something from the … Continue reading Activists go thru 5 stages of grief for the climate change campaign
Summary: Central banks have never been more powerful, more significant to the economy, more controversial (although they've often been unpopular), or more misunderstood. Today we debunk two of the myths about their evil they do; at the end are links to posts about their limitations. . Contents About conservatives' faux history and economics About investment … Continue reading Are conservatives right about the Fed? Is it a malign force in America?
Summary: We have come to believe we are exceptional, not just morally, but also operationally. We act as if we are beyond the need to plan and prepare for possible problems. It is faith-based public policy. Here we review how we came by this delusional belief, and examine how it plays out on a potentially … Continue reading American Exceptionalism gives us a faith-based public policy. Our confidence might be our weakness.
Summary: Today we have a brief status report on the US economy, touching on some items of concern. The big question: after four years of slow growth, has the air leaked out of our party balloon? Contents Status report about the US A quick look at the world Recession watch What about another bust like … Continue reading Status report on the US economy. Recession? Collapse?
Summary: Previous posts have discussed our perilous situation and how we got into this predicament. Let's take a step back and ask why we are here. The says much about where we're going. Contents We're living on a volcano Let's look at the volcano How big an eruption might we get? What can we do … Continue reading The global economy is sitting on a volcano. What happens next?