An organization dedicated to infusing logical reasoning and science into political discussions
There is a great deal of excitement in the markets. The S&P 500, DJIA, and Nasdaq continue to break all time highs. But I am very concerned. There are a number of factors which driving the probability of a crash higher. Furthermore, the probability that the crash will be deep is being driven higher as well.« Continue »
Back in 2014, Perianne Boring wrote an article for Forbes on inflation. It was a good start. In the article, Boring used the change in supply of money as an estimate for inflation. But inflation is not simply the change in quantity of money. It is the change in its value. In order to estimate the change in value, we need to look at demand, in addition to supply.« Continue »
The growth of banking stocks in the last few quarters have had a significant impact on the bull market, but there is a catch. While everything seems to be doing great in the markets, a good portion of the recent growth has been due to banking stocks, and that is not necessarily a good thing.« Continue »
I am a globalist. Now, that may sound like a bad thing to some, but globalism, real globalism, is beneficial to everyone. What is dangerous to us is a world government. A government, able to exert force over the entire world, is to people, what mega farms are like to the biosphere.« Continue »
Capitalism is often defined as an economic system characterized by private ownership for the purpose of profit. But private property is a myth. Yet we still have capitalism, or at least we seem to have it. So what is capitalism really, and how can it function without private property?« Continue »