All truth passes through three stages. First, it is ridiculed. Second, it is violently opposed. Third, it is accepted as being self-evident. (Arthur Schopenhauer, one of my philosophical heroes) ______________________ Based on recent comments in this space, and also in my email in-box, I am compelled to provide an updated overview of my proposed agenda [...]
Continue reading...Thursday, June 10, 2010
The industrial economy, that is. On the brink, yet again. The real economy — not the born-again exuberance in the world’s stock markets — is stalling as the effects of easy money wear off. Indeed, investor fund flows haven’t been this bad since Lehmann Brothers collapsed in the autumn of 2008. The IMF says risks [...]
Continue reading...Tuesday, June 1, 2010
Actually, to counter singer/songwriter Billy Joel, we did start this FIRE. Not you and me, of course, but our culture. The U.S. industrial economy is all about Finance, Insurance, and Real Estate. The FIRE is about to run its course, extinguished by the absence of fuel in each of those interconnected sectors. The financial sector [...]
Continue reading...Friday, May 28, 2010
May you live in interesting times. Mission accomplished. I’m there, as we all are. As we always have been, during two million years of the human experience. May you attract the attention of the government. I’m there, as I have been for years. To remove all doubt, about five years ago I placed a call [...]
Continue reading...Monday, May 24, 2010
This guest post is authored by John Rember _____________________________________ 1. In my sophomore year of college I enrolled in a course that had given generations of students a painless way to satisfy the liberal-arts science requirement. It was known as Rocks for Jocks, and the final exam was the easy identification of every rock in [...]
Continue reading...Sunday, May 16, 2010
People keep asking me what my days are like. How do I spend a typical day? Now that I’m retired from the academic life — or rather, now that I’ve departed the academy in disgust and despair — I no longer spend time in my swivel chair, dispensing information on the telephone or tending to [...]
Continue reading...Wednesday, May 12, 2010
Like most people, I’ve long been interested in the notion of my legacy. Will anything I produce outlast me on this planet? Has my teaching inspired critical thought, appreciation for the natural world, or empathy for humans and other animals? Will the pages containing my written work be used for something other than fire-starter and [...]
Continue reading...Monday, May 10, 2010
The final nail in the global financial coffin was hammered into place this morning by the masters of the Eurozone. The trillion-dollar bailout Ponzi scheme to save Greece is yet another example of kicking the proverbial can down the road, hoping the taxpayers fail to notice the 800-pound gorilla fighting its way out of the [...]
Continue reading...Thursday, May 6, 2010
To his imperial credit, Barack Obama did manage to calm the stock markets for a year. But his promises of oversight and transparency are being overwhelmed by his actions. It’s obvious the banksters will not be regulated on Obama’s watch in any significant manner because the entire American economic system is based on fraud, and [...]
Continue reading...Thursday, April 29, 2010
How many do you need? I still keep hearing, “If things get bad, I’ll move to ….” And then fill in the blank with your favorite fantasy or nightmare, including these and many more: “my sister-in-law’s property in Kansas” “Mexico” “the wilderness” “a central America country” “southern Europe” “the coast” First, let’s consider how “bad” [...]
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Saturday, June 19, 2010
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