Thus, the nearly half the adults in America who haven’t saved remain childlike and live in barbarism.
For those who are saving, volatile markets point to a less-than-cozy retirement for the majority. Last year’s beat down of the average 401(k) plan was 20 percent, which didn’t help. But retirement participants are keeping the sunny-side up, believing “they’ll move closer to their retirement goal by ending 2023 with more in retirement savings than at the end of 2022.” We can only wonder what makes folks believe that.
Incredulity. Astonishment. Disgust. Anger.
It is these feelings—amongst others—that describe the general reaction to the revelations of the Twitter Files and other egregious episodes of Big Tech censorship of the electronic public square.
The implicit deal with companies like Twitter, Facebook, Google, etc. is very simple: we will look at your ads if you give us a service for free. The deal did not include censorship.
What if America’s elite told the truth?
It seems a ridiculous question to ask. It’s obvious to most of us here that our politicians, bureaucratic managers, and state-associated business leaders hardly ever tell the truth. What use is it for us to ask, “What if?”
Strategy
29. Welcome to Post-Persuasion America
Welcome to 2021 in post-persuasion America!
26. Negative Interest Rates Are the Price We Pay for De-Civilization
Do central bankers really think negative interest rates are rational?
27. The Terrible Economic Ignorance behind Covid Tradeoffs
Some of you may know the name Alex Berenson, the former New York Times journalist who comes from a left-liberal background. He has been absolutely fearless and tireless on Twitter over the past eighteen months, documenting the overreach and folly of covid policy—and the mixed reality behind official assurances on everything from social distancing to masks to vaccine efficacy. He became a one-man army against the prevailing covid narratives.
28. Inflation: State-Sponsored Terrorism
Remember the quaint old days of 2019? We were told the US economy was in great shape. Inflation was low, jobs were plentiful, GDP was growing. And frankly, if covid had not come along, there is a pretty good chance Donald Trump would have been reelected.
At an event in 2019, my friend and economist Dr. Bob Murphy said something very interesting about the political schism in this country. He said: If you think America is divided now, what would things look like if the economy was terrible, if we had another crash like 2008?
The Great Depression was forced by 8 years of 7.8 percent average annual True Money Supply increases; Great Inflation I, by 18 years of 9.9 percent increases; the Financial Crisis, by 12 years of 11.0 percent increases. By April 2022, Great Inflation II had already been forced by 14 years of astounding 22.2 percent increases.
Economics
