Tag Archives: US/Global Economics

Similar to 1973, we are faced with an energy crisis or a coming one. Our usage/demand is outstripping supply. The nation is a bit more prepared this time. I am not seeing the long lines waiting to add a couple of gallons of gasoline to top off. We have done a lot since 1973 in the US while European countries are doing more. This rendition of 10 points of things we could do is taken from Treehugger, authored by Lloyd Alter, and entitled...

 The Road to SerfRanddom I have always enjoyed chapter 10 of Friedrich Hayek’s Road to Serfdom — “Why the worst get on top.” Always referring to the last quarter century or so since I first read it. Hayek’s argument struck me immediately as  watertight but I was puzzled that he seemed to exempt his own preferred collective from his argument. Maybe he just wanted to slip it past the unwary? Individuals may be individuals but individualists are a...

The Most Evil Rant in Aynkind’s History n previous posts, I discussed the Senate confirmation hearings plagiarism by Keisha Russell of a Washington Post column by Marc Thiessen and the shoddy scholarship of the former history professor, Allen C. Guelzo that underwrote the bizarre claim that “critical race theory is a subset of critical theory that began with Immanuel Kant.”  In the latter post, I stuck to the source that Guelzo cited in his...

Conventional Macroeconomics Rears Its Head  It is always annoying to have to admit one has been wrong.  But I was among those who a year ago or so was going along with those who argued inflation was transitory and the rate would probably come down later in the year.  The annoying Larry Summers, along with the somewhat less annoying Olivier Blanchard, prominently argued the contrary, hauling out old-fashioned conventional macroeconomic arguments...

 by New Deal democrat Weekly Indicators for March 21 – 25 at Seeking Alpha My Weekly Indicators post is up at Seeking Alpha. The walls closed in a little more on the long leading forecast this week, as now real money supply is beginning to falter. As usual, clicking over and reading will bring you thoroughly up to date, and will reward me a little bit for giving you a heads up as to what awaits, economically, in the future....

Outside of agriculture there is a feeling of vast quantities, that farmers produce too much corn, soybeans, cotton, and other monocrops in a habitat destroying, bee killing, rural, backward, government sponsored enterprise that is slowly adding to climate change and environmental destruction. Agriculture is largely reactionary and heavily influenced by capitalism. If the need is there, and the price is right, the crop will be produced. One of the...

RJS, Focus on Fracking, US oil supplies are at a 13½ year low, but oil exports are at a 8 month high; SPR at a 19½ year low after biggest draw since Aug 2011, gasoline exports at a 39 month  high; distillate supplies at a 95 month low, total oil + products supplies at a 95 month low after across the board drawdowns. The Latest US Oil Supply and Disposition Data from the EIA US oil data from the US Energy Information Administration for the...

To be very clear; there is no chance (as in zero, nada, ganz sicher nicht, rien, none) that NATO will invade Russia. Never was. There is no chance that the United States would ever invade Russia (everyone knows we only invade much smaller countries). No one knows the both better than Vladimir Putin. The fear of invasion by NATO, the EU, or the United States was not why he invaded Chechnya, Georgia, and now Ukraine. Putin invaded Ukraine because,...

Org-Dimensional Man In 1959, Harold Rosenberg wrote the essay “The Orgamerican Phantasy,” published in The Tradition of the New. Rosenberg’s essay criticized the “post-radical” self-absorption of several of the same authors — William H. Whyte, C. Wright Mills, and Vance Packard — that Herbert Marcuse would subsequently praise in the Introduction to One-Dimensional Man for the “vital importance” of their work. In Vance Packard and American Social...

Why War Might Go On Longer  An unfortunate reason the current war in Ukraine might go on longer than it should (with the should here being that it should never have happened in the first place, and the sooner it stops the better, with the onus here clearly on V.V. Putin to stop it as he started it without any justification), is that wartime leaders get a puff in their popularity at least for awhile and are let off the hook on domestic problems. ...