A revised draft of “Michelson-Morley, Fisher, and Occam” is now on my webpage (Yes, new title.) This paper argues that the long quiet zero bound is an important experiment. The zero [ … ]

All the “fixes” have fatally weakened the real economy, and created a dangerous illusion of “wealth,” “growth” and solvency. 1. Massive expansion of debt: sovereign, household and corporate, all in [ … ]

Once something is a right, someone has to pay for it. Standing at a bus stop in Paris recently, I noticed an advertisement for Médecins du Monde, Doctors of the [ … ]

My Hoover colleague David Brady put together this lovely graph, using the Gallup poll results from their standard question, “do you think the economy is getting better?” It has many [ … ]

Finland, the thought leader in economy destruction, has announced that thru 2018 they will provide Universal Basic Income of 560 to 2,000 euros to randomly selected welfare recipients. If a [ … ]

About 15 years ago I discovered Stoic philosophy. It’s much easier to find and hold new things when it’s in hand and I spent that day in Barnes and Nobles on [ … ]

George W Bush is back, he is a cute guy, making funny faces at ball games and having difficulty putting on his rain slicker at an inauguration.He is adorable! (How many [ … ]

There are multiple sources of friction in the Perpetual Motion Money Machine. The two games are connected: asset bubbles require leverage and credit. Prices for homes, stocks, bonds, bat guano futures, [ … ]

Dalrymple warns of a “creeping sovietization”: In the literal sense, the West triumphed in the Cold War. Nevertheless, a kind of creeping sovietization has overtaken it as if in revenge. [ … ]

If you want to understand why we’re fragmenting as a society, start by looking at the asymmetric burdens imposed by inflation. The cost of a regular burrito from our local [ … ]