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Olduvai III: Catacylsm
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High Debt Levels Rant

HIGH DEBT LEVELS RANT I am going to break from regular market commentary to step back and think about the big picture as it relates to debt and inflation. Let’s call it philosophical Friday. But don’t worry, there will be no bearded left-wing rants. This will definitely be a market-based exploration of the bigger forces […]

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Weekend Reading: Harvey & The Broken Window Fallacy

Weekend Reading: Harvey & The Broken Window Fallacy As the waters recede from “Hurricane Harvey,” the rebuilding efforts begin. It will take quite some time before Houston fully recovers from the tragedy, but recover we will. Hopefully, lessons were learned by a city government that has avoided dealing with the drainage and flooding problems for […]

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The Triumph of the Invisible Hand

THE TRIUMPH OF THE INVISIBLE HAND “By virtue of exchange, one man’s prosperity is beneficial to all others.”…Frédéric Bastiat. It remains one of the most powerful metaphors in economics. In 1850 Frédéric Bastiat gave the world the story of the broken window. The son of a shopkeeper accidentally breaks a pane of glass in the shop. […]

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Olduvai IV: Courage
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Olduvai II: Exodus
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