Roger Altman, former deputy Treasury secretary, writes in the Financial Times: Why this will not be a normal cyclical recovery (ht Jonathan) The rare nature of this recession precludes a cyclically normal US recovery. Instead, we are consigned to a slow, painful climb-out ... What is unusual is ... Read more

By John Tamny of RealClearMarkets In a recent New York Times column, David Brooks took the Republicans to task for a “totally misguided” approach to our economic problems that in his view amounts to “no.” While Brooks acknowledges that the various solutions offered up ... Read the ... Read more

There is one bit of good news that we can take from history about recessions and even depressions.  They tend to be a time of major transformations due to the typically high levels Schumpeterian creative destruction active in the economy.  Consider the following ... Read more

The complete eBook is now online for free download. In NFTRH19, a rough road map of when and how the next deflation impulse might arrive has begun to take shape. My work tells me this will be deflation's dying gasp for the cycle, but we must be prepared for it none the less. Per EWI: Compliments ... Read more