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Irony Alert: “Outlawing” Recession Has Made a Monster Recession Inevitable
Irony Alert: “Outlawing” Recession Has Made a Monster Recession Inevitable Those who came of age after 1982 have never experienced a real recession, and so they’re unprepared for anything other than guarantees of rescue and permanent expansion. The mainstream view is that recession is caused by economic-financial factors. The mainstream view is wrong, for recession […]
The Unintended Consequences of Unintended Consequences
The Unintended Consequences of Unintended Consequences Decades of central bank distortions and regulatory / market-share capture by cartels and monopolies have completely gutted “markets,” destroying their self-correcting dynamics. Unintended consequences introduce unexpected problems that may not have easy solutions. An entirely different set of problems are unleashed as unintended consequences have their own unintended consequences. This is the problem with complex […]
The Empire of Uncertainty
The Empire of Uncertainty Anyone claiming they can project the trajectory of the U.S. and global economy is deluding themselves. Normalcy depends entirely on everyday life being predictable. To be predictable, life must be stable, which means that there is a high level of certainty in every aspect of life. The world has entered an era […]
The Consequence of Globalism Is World Instability
The Consequence of Globalism Is World Instability If the coronavirus proves to be serious, as it does not appear to be at the present time, many economies could be adversely affected. China is the source of many parts supplied to producers in other countries, and China is the source of the finished products of many […]
BIll Blain: “The Unintended Consequences Are Finally Coming Back To Bite Us”
BIll Blain: “The Unintended Consequences Are Finally Coming Back To Bite Us” Fundamentals ok, Technicals corrected, so why we should still be nervous on what comes next for markets… “If the apocalypse comes, tweet me..” That was an interesting week that was…. but what a hangover we face! What happened to the global bull stock […]
Minimum Wage Fallout Is Caused by Government, Not Businesses
Minimum Wage Fallout Is Caused by Government, Not Businesses Employees don’t magically become more productive because businesses have to pay them more, so they need to make up the losses elsewhere. Both in Canada and in the U.S., many jurisdictions have “listened” to the people and enacted feel-good legislation like increasing the minimum wage, sometimes […]
Lacy Hunt on the Unintended Consequences of Federal Reserve Policies
Lacy Hunt on the Unintended Consequences of Federal Reserve Policies The Financial Repression Authority interviewed Lacy Hunt, Chief Economist at Hoisington Management on Fed policies. The interview below first appeared on the FRA website along with a video. The emphasis in italics is mine. FRA: Hi, welcome to FRA’s Roundtable Insight. Today, we have Dr. […]
Should we try to fix global warming with fake volcanic eruptions? TBD.
Should we try to fix global warming with fake volcanic eruptions? TBD. There could be unintended consequences. The eruption of Mount Pinatubo in 1991 sent planet-cooling aerosols into the atmosphere. Photo by Arlan Naeg/AFP/Getty Images. By Mary Beth Griggs With heat-trapping carbon emissions on the rise again, researchers are looking for ways to turn down […]
Unintended Consequences, Part 2: Easy Money = Overcapacity = Trade Wars
Unintended Consequences, Part 2: Easy Money = Overcapacity = Trade Wars It’s unclear what China was thinking when it was borrowed all those trillions to quadruple its capacity to make steel, cement and other basic industrial products. There’s no record of it checking in with the other countries that have such industries to see if […]
The Paradox of Risk: Central Planning Is Linear, Reality Is Non-Linear
The Paradox of Risk: Central Planning Is Linear, Reality Is Non-Linear You thought it was safe to drive 90 miles an hour on a rain-slicked narrow road while you were tipsy because the airbag would save you, but it still hurts when you crash. I first discussed the Paradox of Risk in August, 2008, just before the […]
Why is it So Hard for the West to See Everything is Connected?
Why is it So Hard for the West to See Everything is Connected? QUESTION: Marty, you have written many times how everything is connected and how in Asian culture that is the foundation of all understanding. Why is it so hard in the West to comprehend this fundamental concept? All the best GD ANSWER: I think it […]
Collaboration, Adaptation and Risk: Innovate or Die
Collaboration, Adaptation and Risk: Innovate or Die Collaboration, innovation and risk are all intrinsic to adaptation. Without adaptation, every system eventually perishes once conditions change. One feature of capitalism that is rarely discussed is the premium placed on cooperation and collaboration. The Darwinian aspect of competition is widely accepted (and rued) as capitalism’s dominant force, but […]
We Ignore Unintended Consequences At Our Peril
We Ignore Unintended Consequences At Our Peril They’ll likely define our future more than the intended ones Early in my business career, I was faced with a challenge that gave me an appreciation for a critical lesson about life and business. It’s that oftentimes, even with the best of intentions, our actions create consequences completely […]
