I speak openly about myriad ongoing collapses, regardless how others respond. Among the costs: Rumors of my insanity have spread beyond the institution I departed and throughout the nation's hallowed halls. Apparently I've contracted a rare disease, which explains the…
What are the causes and consequences of expensive oil? The first question is posed in this article, and answered surprisingly well by a neoclassical economist. He understands the relationship between the price of oil and economic growth, and he hints…
Bad Company's Shooting Star blares over the PA system. Don't you know, yeah, yeah The hour is late as the game enters the top of the ninth inning. The home team has held the Industrialists scoreless, and leads by a…
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…
1. In yet another reason to keep those shows on the air, reality TV breeds new body ideals. 2. It'll take a lot of rats to clothe plus-size models in the latest fashion accessory. 3. Encouraging us to keep the…
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,…
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,…