Staring Armageddon in the Face but Hiding It with Official Lies

“The Fed has produced a perfect storm that could consume the US and perhaps the entire Western world” According to the Bureau of Labor Statistics, the US economy created 236,000 new jobs in February. If you believe that, I have a bridge in Brooklyn that I’ll let you have at a good price. Where are […]

The Missing Recovery

“Sooner or later something will pop these bubbles … and the consequences will be horrendous.” Officially, since June 2009 the US economy has been undergoing an economic recovery from the December 2007 recession. But where is this recovery? I cannot find it, and neither can millions of unemployed Americans. The recovery exists only in the […]

Reaching the Keynesian Long Run, and Yet Not Dead

John Maynard Keynes: From Social Fascism to Economic Fascism? Last Thursday morning, while driving my daughter to her play group, as I was listening to NPR’s usual circle of experts dissecting and interpreting Bernanke’s press conference, it all came back to me: numerous economic courses taken during my bachelors’ and graduate studies, the Bible of […]