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The short answer is YES. But there are some issues that need to be remedied. I’m reminded of a Churchill quote to the effect “…it has been said that democracy is the worst form of Government except all those other forms that have been tried from time to time.” The same can be said for …
Continue reading Is Capitalism Still A Viable Economic Model?
Debt, in and of itself, if not always a bad thing. For example, China has lent the US many billions of dollars by buying Treasury bonds over the years. We pay interest to China, they in turn get a return on their investment commensurate with the risk they’re taking, and in due time, when the …
My Comments: I’m a Social Capitalist. I invented (I think…) this term because I’m convinced that unfettered capitalism, the economic model favored by the United States, is doomed. What few on the right will acknowledge is that we already have elements associated with ‘socialism’ built into our lives dating back decades, if not centuries. The …
My Comments: We can all agree the economics is hard on your brain. There are so many variable and so few constants that talking about it is similar to describing the behavior of cats. Last week I attended a local economic summit where the featured speaker was Brent Meyer, an associate policy advisor and economist …
Continue reading Don’t Be Shocked If Trump’s Economy Goes the Way of Bush’s
My Comments: Wealth inequality has become an existential threat to the future of American society. The chaos in Washington, indeed the election of trump to ‘drain the swamp’, is an evolving extension of this problem. If the problem has a solution, it’s going to take many years, perhaps generations, to see us return to the …
Continue reading How To Solve America’s $100 Trillion Problem Of Wealth Inequality
My Comments: A tragedy for whom, you might ask. I interpret this to mean everyone with money invested who cannot afford to lose a bunch of it. And especially those no longer working, whose ability to survive financially is dependent on money invested in retirement accounts. Yes, I know, I’ve been telling this tale now …
Continue reading A tragedy is unfolding in the stock market that should worry both bulls and bears
My Comments: David Brown says current conditions resemble those of 2007-08, but a wave of populist nationalism spearheaded by the US president is undermining global institutions that ended the Great Recession. Will you be ready for another Great Depression? I've long argued we are years away from the next iteration of the Great Depression of …
