If We're Going To Borrow Against The Future, Let's Borrow To Invest

The are much better ways to spend the next $1 Trillion
Thursday, April 2, 2015, 11:21 AM

We are at an important juncture as a global society: either we immediately prioritize a new trajectory focused on creating a positive, functional future or -- by continuing the consumptive, extractive, exploitative status quo -- we will default into a nasty nightmare. » Read more


Peak Prosperity

How Much Is A Trillion? - Crash Course Chapter 12

So big, humans really can't grasp it
Friday, September 5, 2014, 10:45 AM

One trillion is a big number. In this short video, we try to help you get a sense for just how big; but the reality is simply that the human brain can't really suitably comprehend magnitudes this large.

Which is why we should be concerned that the US' money supply has ballooned to over $12 trillion dollars over the past decade. And that its outstanding debts and liabilities are many multiples that amount. » Read more


Peak Prosperity

Quantitative Easing - Crash Course Chapter 10

What exactly is this process that the world is betting on?
Friday, August 22, 2014, 8:34 PM

At the exponential pace at which the Fed is increasing the money supply, and knowing the huge challenges the Fed – and most other world central banks  - face in trying to stop or even slow down their money printing, the potential for a disruptive global inflationary period is very real.

So what exactly is quantitative easing» Read more


This chapter of the new Crash Course series has not yet been made available to the public.

Each week over the rest of 2014, in sequential order, a new chapter will be made publicly available (we've currently published up to Chapter 12)

If you don't want to wait, you can:


This chapter of the new Crash Course series has not yet been made available to the public.

Each week over the rest of 2014, in sequential order, a new chapter will be made publicly available (we've currently published up to Chapter 11)

If you don't want to wait, you can:

Featured Discussion

US "Missing" Over $12 Trillion

US "Missing" Over $12 Trillion

That's over 70% of our national debt "lost" due to mismanagement and/or fraud


David Stockman: We've Been Lied To, Robbed, and Misled

And we're still at risk of it happening all over again
Saturday, March 30, 2013, 11:42 AM

David Stockman, former director of the OMB under President Reagan, former US Representative, and veteran financier is an insider's insider. Few people understand the ways in which both Washington DC and Wall Street work and intersect better than he does.

In his upcoming book, The Great Deformation, Stockman lays out how we have devolved from a free market economy into a managed one that operates for the benefit of a privileged few. And when trouble arises, these few are bailed out at the expense of the public good.

By manipulating the price of money through sustained and historically low interest rates, Greenspan and Bernanke created an era of asset mis-pricing that inevitably would need to correct.  And when market forces attempted to do so in 2008, Paulsen et al hoodwinked the world into believing the repercussions would be so calamitous for all that the institutions responsible for the bad actions that instigated the problem needed to be rescued -- in full -- at all costs.  » Read more


Say Goodbye to the Purchasing Power of the Dollar

Mr. Bernanke goes to Crazytown
Sunday, March 24, 2013, 10:29 PM

On a long solo car trip this past weekend, I downloaded several podcasts to listen to as the miles passed. One was a classic: The Invention of Money, originally released by NPR's Planet Money team back in January of 2011. I highly recommend listening (or re-listening) to it in full.

The podcast is a great reminder of how any currency in a monetary system is a fabricated construct. A simpler way to explain this is to say it has value simply because we believe it does. » Read more


A Short Lesson in Bad Decision-Making

Humans are simply bad at assessing risk
Friday, January 11, 2013, 4:02 PM

In business school I had to take an introductory class in statistics that we colloquially called "D&D." The official course name was Data & Decision-making.

In retrospect, it was a truly valuable class (one of very few I encountered in b-school). If you can figure out how to use statistics to determine the most probable outcome from a set of scenarios, or find predictive correlations from within a sea of data, that's real power. You can take a lot of the guesswork out of decision-making and consequently make the "right" call much more often. » Read more


A Couple of Bad Ideas

Practical thinking remains in short supply
Sunday, December 9, 2012, 7:46 PM

This week a couple of very bad ideas were floated, one having to do with U.S. natural gas (NG) supply, and the other a proposal for how the U.S. president could avoid having to deal with the pesky debt ceiling.

Throughout the entire unfolding of the crisis, we have all been patiently waiting (if not agitating) for reality to gain a place at the table of ideas.  Instead, we still have the usual fare of the absurd and the ridiculous, indicating that we are not quite ready yet to entertain the serious business of negotiating the various predicaments that we face. » Read more