The “Keynesian revolution” took place long before Keynes approved of it and fabricated a pseudo-scientific justification for it. What he really did was to write an apology for the prevailing policies of governments.
How have such regimes come about historically and what are the warning signs?
Mike Maloney and Ronnie Stoeferle investigate the the end of ‘The Great Moderation’, and examine how a new mindset will be required of all investors moving forward. We are in a new era, and some will have huge difficulties adjusting.
Two common themes become obvious. The first is “penetration” – of govts and minds. The second is “control” of what we think, where we go, what we say, what we eat, and what we wear.
Stuck in a trap of their own making
Jeff and Bob take a look at the misnamed “World Economic Forum” and its conference this past week in Davos, focusing on their recently published report.