Connecticut’s Housing Shortage Is Rooted in Government Policies
2024-04-03
Tu ne cede malis, sed contra audentior ito
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America’s Fiscal Collapse Accelerates
2024-04-02
In case you thought anybody in Washington was driving this thing, they are not. It’s official: the Department of Treasury is now issuing debt at pandemic levels. It’s worth noting the pandemic record was double the previous record, which had stood for 231 years.In raw numbers, the latest numbers for Q4 2023 show Treasury issued $7 trillion in new debt. For the entire year, it came to $23 trillion.This has bloated the Treasury market to $27 trillion — up 60% since the pandemic. In other words, one-third of Treasuries have fresh ink on them. And it’s up roughly sixfold since the 2008 crisis.Meaning if we hit another crash, it could be a lot bigger.Sending US Economy to DefaultsAt this point, federal debt is rising by $1 trillion every 90 days, and US government spending as a percent of GDP
Unbreakable Union: Lessons Learned from the Demise of the Soviet Union
2024-01-25
[This week marks the one-year anniversary of the death of Yuri Maltsev. Dr. Maltsev had been an economist in the Soviet Union under Gorbachev, and defected to the United States in 1989. This article is an adaptation of a lecture written by Dr. Maltsev for the 2011 Austrian Scholars Conference in Auburn, Alabama.]
The opening lines of the state anthem of the USSR went as such: “An unbreakable union of free republics, Great Rus has united forever. Long live the created by the will of the peoples, the united, the mighty Soviet Union.”
But, indeed, it was not unbreakable. Twenty years ago, it broke apart spectacularly. Why do empires like the Soviet Union look so formidable and insurmountable—and even eternal—yet turn out to be so fragile? Indeed, how fragile all empires have been and are
A Field Guide to Dubious Fact Checking
2024-01-24
It’s now 2024—the Associated Press says so.
In case a claim was made that it’s still 2023, the Associated Press wants to assure everyone that that is false.
Now, that’s a fact-check.
What isn’t a fact-check is most of what is produced by the fact-check industry. PolitiFact, FactCheck.org, and each of the in-house media organizations like CNN’s Facts First are merely confirmation machines, apparatus that reinforce the original lie, like putting lipstick on a pig.
They are the ultimate deceptive “third party validator.”
To simplify deception detection, here are a few very common and very slippery techniques the fact-checkers use to twist the truth into a lie—and vice versa—to always look out for.
Let’s start with position. Oprah using a space laser to burn down Maui to build a smart city is