December 2025

Some people have a tough time understanding that we are in a massive deflationary spiral; they think that rising prices mean it is inflation and not deflation. Then they mistake stagflation for deflation and wonder why people are spending more on less. They only see prices, not disposable income, and, indeed, not economic growth or […]

November home sales in the US paint a picture of stagnation and a frozen market. Home prices and mortgages have risen and demand has waned. This is a buyer’s market but conditions are not particularly favorable due to the cost of ownership. Sales rose 0.5% from November to October and were 1% lower on an

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In his 1936 book, ‘The General Theory of Employment, Interest and Money,’ John Maynard Keynes argued that aggregate demand was too volatile to be stable and would lead to inflation or recession. His theory honed in on spending as a means of price control. Low aggregate demand, Keynes argues, would lead to high unemployment and

The most frequently asked question of 2025: Is war inevitable? I’ve spent my entire life attempting to prove the computer wrong. I’ve hoped that the cycle in motion could change and I’ve watched as events unfolded, right on target, that only Socrates could foresee. A cycle in motion remains in motion. The trajectory and speed

The year 2025 was not defined by a single shock, but by a decisive break in confidence. Governments repositioned, as did central banks, but both have realized they are unable to stop the cycle in motion. The public no longer trusts those in charge of monetary or fiscal policy and confidence was the dominant theme

Whether the car bomb is perfidious depends entirely on the method used to get the bomb to the general. Perfidy (Treachery) is strictly prohibited under Article 37 of the Geneva Conventions’ Additional Protocol I. Perfidy is defined as acts that invite the confidence of an adversary to make them believe they are entitled to, or are obliged to

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In 1935, Roosevelt introduced “The Social Security Act,” which passed in Congress. However, the act was described as “Old Age, Survivors, and Disability Insurance.” At first, the Act covered only industry and commerce. It was later extended to include farm operators in 1955. The SS tax was to be 3% of income up to an