Tag Archives: growth

We’ll Pay All Those Future Obligations by Impoverishing Everyone

I’ve been focusing on inflation, which is more properly understood as the loss of purchasing power of a currency, which when taken to extremes destroys the currency and the wealth/income of everyone forced to use that currency. The funny thing about the … Continue reading

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Millennials Are Abandoning the Postwar Engines of Growth: Suburbs and Autos

If anything defined the postwar economy between 1946 and 1999, it was the exodus of the middle class from cities to suburbs and the glorification of what Jim Kunstler calls Happy Motoring: freeways, cars and trucks, ten lanes of private … Continue reading

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We’re in the Eye of a Global Financial Hurricane

The Keynesian gods have failed, and as a result we’re in the eye of a global financial hurricane. The Keynesian god of growth has failed. The Keynesian god of borrowing from the future to fund today’s consumption has failed. The … Continue reading

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2016 Theme #4: The End-Game of Debt-Fueled “Growth”

A number of systemic, structural forces are intersecting in 2016. One is the end-game of debt-fueled “growth.” We can summarize the official “solution” to the Global Financial Meltdown of 2008 in one line: borrow and blow trillions–of yen, yuan, dollars, … Continue reading

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Here’s Why the Status Quo Is Doomed

The central illusion of this era is that the Status Quo can be reformed or saved.All we need to do is (or so we’re told): 1. Get money out of politics 2. Re-impose the Glass-Steagall Act on banking 3. Close … Continue reading

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