Economics

Aggregate Demand Dominance: HCE

In my previous posting, I attempted to knock down one of conservative economics’ sacred cows; today I’m aiming at the crown jewel of conservative canards: personal responsibility. Simply put, market forces don’t care about how responsible individuals are. Health Care Expenditures Health Insurance premiums have been relentlessly escalating for 15 years: No real surprise there. … Continue reading

Aviation / Economics / History / Warfare

Aggregate Demand Dominance: Reaping the Whirlwind

The Utter Failure and Stupidity of the Gold and Silver Standards: Part 9 Once again, I write a posting about the failure of the gold standard without mentioning gold. That was, again, intentional—describing what Nixon’s explicit price controls and the implicit, hidden controls within Bretton Woods’ gold standard were supporting necessitated delving into why 1969 … Continue reading

Aviation / Economics / History / Warfare

Aggregate Demand Dominance: BUFF Barrel Rolls on the Ides of August

NOTE: BUFF is the moniker B-52 crews use to describe the bomber, an acronym for Big Ugly Fat Fucker. The Utter Failure and Stupidity of the Gold and Silver Standards: Part 8 In the previous installment of this series on the collapse of the gold standard, Bretton Woods entered its terminal phase under the onslaught … Continue reading