‘The corporate-deep-state theoryIn a recent UNZ article titled: Political science’s “theory of everything” a concise map of the US establishment, both the visible and invisible government was…”
Source: Political science’s “Theory of Everything” on the 2016 US Election
I finished Alan Blinder’s book on the financial crisis. He does an excellent job chronicling the bailouts that began at the end of the Bush presidency in 2008 and continuing in the Obama administration. At the end of the book there is a section, “The Ten Financial Commandments.” Needless to say, ending the Fed is not one of them. In fact, Blinder is “blind” to the damage the Fed does to the economy by manipulating interest rates and creating new money. He also asserts bubbles are inevitable in our economy but does not provide an explanation, other than citing “human nature.”
Tomorrow, I will review David Stockman’s analysis in The Great Deformation: The The Corruption of Capitalism in America. Stockman was interviewed on CNBC today and was pessimistic about the economy despite Trump’s assertions he will fix the economy.
“As Murray Rothbard often emphasized, the free market and a peaceful foreign policy are indispensable partners. We cannot maintain a free market if the government engages in a bellicose foreign policy.”
Source: The Failures of Obama’s Foreign Policy
“Levels were found as high as 1,200 parts per billion, one report said.”
Source: High Levels Of Lead Found In Englewood Hospital Water
“The United States is about to cut itself off from one of the most dynamic regions of the globe, according to economist Nouriel Roubini.”
Source: If Obama did what Trump is doing he’d be called a communist: Nouriel Roubini
“Adapted from the Summer 2016 issue of The Quarterly Journal of Austrian Economics…”
Source: The Money Myths Behind the Creation of the Federal Reserve
Preview of things to come in real estate?
“The 1.1 million square foot Galleria at Pittsburgh Mills, once valued at $190 million after being opened in 2005, sold at a foreclosure auction this morning for $100 (yes, not million…just $100).”
Source: Pittsburgh Mall Once Worth $190 Million Sells For $100