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Welcome to the U.S.S.A.’s Banquet of Consequences

December 9, 2020

Welcome to the U.S.S.A.’s Banquet of Consequences The incontestable incompetence of the USSA’s monopolies, institutions and agencies is about to take center stage in 2021. When I mention that the U.S.A. feels increasingly like the U.S.S.R., a surprising number of people tell me they feel the same way. Welcome to the U.S.S.A.: United Simulacra States of […]

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What Caused the Recession of 2019-2021?

February 14, 2019

What Caused the Recession of 2019-2021? The banquet of consequences is now being served, but the good seats have all been taken.As I discussed in We’re Overdue for a Sell-Everything/No-Fed-Rescue Recession, recessions have a proximate cause and a structural cause. The proximate cause is often a spike in energy costs (1973, 1990) or a financial crisis triggered […]

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Where Will You Be Seated at the Banquet of Consequences?

January 11, 2019

Where Will You Be Seated at the Banquet of Consequences? The Banquet of Consequences is being laid out, and so the question is: where will you be seated? The answer depends on two dynamics I’ve mentioned many times: what types of capital you own and the asymmetries of our economy. One set of asymmetries is the result of the system […]

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Olduvai IV: Courage
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Olduvai II: Exodus
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