Archive for the ‘Economics’ Category

“For the first time in decades, neither party is even giving lip-service to balancing the Federal budget anymore. They simply don’t care…. The thing that matters to policymakers is how much the debt costs to maintain, not how much it costs to repay. That’s why you haven’t heard anything about it…. This problem will get exponentially worse as interest rates rise. Meanwhile, the government continues to add insult to injury by borrowing even more.” -Justin Brill

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“Economics deals with the real actions of real men. Its [laws] refer neither to ideal nor to perfect men, neither to the phantom of a fabulous economic man (homoeconomicus) nor to the statistical notion of an average man. . . . Man with all his weaknesses and limitations, every man as he lives and acts, is the subject matter of [economics].”
—Ludwig von Mises

Affordable?

Posted: October 30, 2018 in Economics
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“Our economy can’t afford our government.” -Porter Stansberry

“Washington’s $523 billion in debt service costs this year was the highest on record. That’s more than Belgium’s entire economic output (or GDP) this year.” -Chris Lowe

Economic Growth?

Posted: October 18, 2018 in Economics
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“Right now, credit growth drives economic growth.” -Richard Duncan

Productive Gains

Posted: September 4, 2018 in Economics
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“The underlying economic problem in America today is that money no longer flows to everyone equally in the way that it used to.

 That much is obvious, right? As our country has gotten richer than ever… the income disparity widens every year.

 But most Americans don’t understand why this is happening.

 And here’s the secret:

 The real underlying cause of our wealth and income disparity in America is that wages are no longer connected to gains in productivity.”

-Porter Stansberry

“It’s EZ credit that is the linchpin in today’s fake-money system.

The Deep State’s stocks, bonds, and real estate values… not to mention its careers, incomes, and reputations… depend on it.

And it is made possible by the China trade… by Chinese workers who put in long hours in miserable conditions in order to stock the shelves of Walmart with cheap goods… by Chinese manufacturers who undersell their competitors to keep consumer price inflation in the U.S. at low levels… and by Bank of China, which holds some $1.25 trillion worth of U.S. bonds… thus propping up the whole wobbly capital structure….

In politics and economics, BS is all there is. The calculations are almost always fake; the statistics are quackery; the theories are devilish nonsense. And bad ideas never entirely disappear, they just re-emerge after a few years… often dressed in new duds.”

-Bill Bonner