Forbes: The World Economy Is A Pyramid Scheme

via forbes: The world economy is based on ever-increasing population, said Nobel laureate Steven Chu, a scheme that economists don’t talk about and that governments won’t face, a scheme that makes sustainability impossible and that is likely to eventually fail. “The world …

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The Fed Created an Economy of Zombies and Unicorns

By John Mauldin Central bankers have a well-worn playbook for handling recessions. Cut interest rates, increase liquidity, and otherwise shove capital into the private sector. This helps businesses hire more workers and raise wages. Then gradually remove all the stimulus …

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