1/ Economics is, after all, a social science, and as such is beholden to the unintended consequences brought about by the actions of the observer as much as by those of the subject being observed. Imagine if we designated responsibility for...
2/ ...precipitation and cloud cover to executives at “The Weather Channel?” Even if this new politburo had the best of intentions, would you feel comfortable ceding control of the weather to a group of 12, unelected, and highly fallible, human beings? We don't think so. And if...
3/ ...you believe the weather system is not a fair comparison to the system of money and credit, we would beg to differ. The weather, as well as the economy, are both chaotic systems. They are dynamic. They are organic. They are not well-oiled machines to be...
4/ ...manipulated and driven from point A to point B at the discretion of some ceremonially chosen motorist, no matter how pure or benign his intentions may be. But how would the economy function without the central planners and their open market operations? How would...
5/ ...the sacred rate of interest be determined without our shepherds at the Fed? #ThrowBack #FinTwit
