Category Archives: U.S. Economy

Here is a chart from a CBO testimony in the House today that shows you the issue that will create the next class war. Social security is massively underfunded, as is Medicare. Big cutbacks in benefits are unavoidable. As you … Continue reading →

Earlier this week I wrote a piece describing the current capital market collapse as a cascading network failure of the information network that we call the capital market. The piece was based upon work in Chapter 7 of my new … Continue reading →