Summary:  As we approach the 3 year birthday for this recession it becomes desperately clear that our leaders understand neither what’s happening nor how to fix it. A host of quacks have come forth with facile analysis and often painful cures.  The same situation often prevailed in 19th century, when immature medical theory allowed quacks to …
We know so little. This is one of the major themes of this site, hence the frequent rebukes to those speaking with great confidence about things far beyond our ken — based on the available data and tested theories. In the realm of public policy that is nowhere more salient than economics. Which brings us to …
Fetters of the mind blind us so that we cannot see a solution to this crisis Read More »
Summary:  This site opened in November 2007 with three posts about this crisis, describing it as End of the post-WWII geopolitical regime. Until we and our leaders understand this, we can neither appropriately respond to events nor prepare for future problems. While the title overstates the situation (there are many who understand), it captures the key mental barrier we …
Everything written about the economic crisis overlooks its true nature Read More »
