Phantom Wealth, Phantom Debt, and Viral Pandemic

A great deal of angst has emerged over the huge amount of money, initially two trillion dollars, being conjured “out of thin air” to counter the economic collapse occurring under to stay-at-home orders and business closures as the COVID-19 pandemic accelerated. The Two trillion dollars quickly proved to be wildly insufficient to stimulate the economy … More Phantom Wealth, Phantom Debt, and Viral Pandemic

Too Late and Too Soon: Corona-Climate Crisis Consistency

It is not difficult to see the several consistencies between the COVID-19 pandemic and the Climate Emergency. You can find them in more than one dimension. Some involve the trajectories of the crises, while others reside in the human response or lack thereof. Things like acceleration and lagged effects are important for understanding crises that … More Too Late and Too Soon: Corona-Climate Crisis Consistency

The Upside-Down Economy

The idea that the financial markets are the essential force that drives economic growth and progress, has dominated political thinking for too long. The financial markets and their agents have dominated politics and the Congress over recent decades more than ever before. After all, it took several decades for the financial elite to accomplish the … More The Upside-Down Economy