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- The Global Distortions of Doom Part 1: Hyper-Indebted Zombie Corporations
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- Is there anything Nancy Pelosi would impeach a president, vice president, or justice for?
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- Pasting Over Vacuity With Identity in U.S. Politics
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Tag Archives: unintended consequences
The Global Distortions of Doom Part 1: Hyper-Indebted Zombie Corporations
It’s funny how unintended consequences so rarely turn out to be good. The intended consequences of central banks’ unprecedented tsunami of stimulus (quantitative easing, super-low interest rates and easy credit / abundant liquidity) over the past decade were: 1. Save the banks by … Continue reading
The Unintended Consequences of the $15/Hour Minimum Wage
For many, the most direct way of increasing the income of low-wage workers is to raise the minimum wage significantly. Many high-cost states have already passed legislation to raise the minimum wage to $15/hour. Despite the official claims that inflation … Continue reading
The Destroyer of Fake “Recoveries”: Unintended Consequences
Destroy the market’s ability to price assets, risk and credit, and you take away the essential information participants need to make rational, informed decisions. A correspondent recently summarized why unintended consequences eventually destroy all politically expedient strategies that temporarily prop … Continue reading