Summary: we have a bad case of debt deflation. Although well-described by economists since the 1930’s, this malady was not taken seriously by the mainstream of the profession. Now we have it. This post describes this macroeconomic illness (which will help you better understand events), and possible cures. The diagnosis is simple; the cures less so. …
Donald Vandergriff recommended speculating about what should be done by the new President. I avoid “if I were President” articles, but any advice by Vandergriff deserves serious attention. This is part of a series answering his question, describing a scenario under which the new President might take office –- a severe global recession — and the preparations he …
What happens next? Advice for the new President, part one. Read More »
We now have an adequate basis upon which to develop a solution for 4GW (at least, a “Mark I” version). Three recent books provide the last missing pieces of this puzzle: If We Can Keep It by Chet Richards (aka IWCKI) Brave New War by John Robb (BNW) The Changing Face of War by Martin van Creveld None …
Many reviews of books about public policy give the impression that the reviewer went directly to the last chapter, which describes the author’s recommendations. Going to the good stuff works when reading Penthouse, but not Shakespeare (Hamlet: everyone dies, so it is a tragedy). The path to understanding the recommendations is a book’s content. The destination may be wonderful, …
Chapter II began with a question about America’s strengths by Chet Richards, which he concluded with this assertion (Chet edits the Defense and the National Interest website, now a blog, and writes at his personal blog Certain to Win): “So my hypothesis is that as long as we tend to the health of our constitutional free enterprise system, our future as a …
Diagnosing the Eagle: reclaiming the Constitution Read More »
