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The Easy Money Fairy Tale Is About To End Violently

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  The Easy Money Fairy Tale Is About To End Violently Truth, consequences and pain are on their way. And to the best of what I can tell, no one is prepared psychologically. Quoth the Raven For the better part of the last couple years, I have wondered whether financial markets are permanently broken . Not simply overvalued or temporarily irrational, but actually broken at the mechanical level and permanently distorted. I’ve written about it . The basic process that is supposed to make capitalism work goes like this. Capital flows toward good ole’ fashioned productive uses (like the George Foreman Grill™) and away from flashy hot-shit stupid ones (like the Apple Vision Pro ). Good businesses eventually outperform bad ones. Fraud eventually gets exposed. Making money is the point of a business. Price is a rationing mechanism and is determined by free markets. This system appears to have been dead for the last 10 years, at least. Nowadays, we function under a derivative of capitalism (...
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The Carbon Dollar

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 Thanks to manfred127 for recommending this article... The Carbon Dollar A new paperback. The Climate Story Is a Monetary Issuance Story. Unbekoming The Carbon Dollar is out today, in paperback. It is the nineteenth book published under the Unbekoming imprint, and the first to step out of terrain medicine into political economy. For the last five years I have been writing, mostly, about medicine. Vaccination, terrain, suppressed therapies, the pharmaceutical industry, the regulatory apparatus, the institutional silencing of the doctors and researchers who have questioned any of it. That is the body of work most readers here know me for, and it is the main line of the Unbekoming imprint. Alongside that main line, I have kept two other threads running. Two separate lines of inquiry that I have thought about, read about, and written about, but that have not really belonged to the medical work. This book is the point at which those two threads converge into a book of their own. The fi...
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