Addictions: Social Media & Mobile Phones Fall From Grace

Identifying social media and mobile phones as addictive is only the first step in a much more complex investigation. For everyone who remembers the Early Days of social media and mobile phones, it’s been quite a ride from My Space and awkward texting on tiny screens to the current alarm over the […]

Thanksgiving 2017: 21 Things I’m Grateful For

The realm of gratitude is boundless. In the spirit of Thanksgiving, here are 21 things I’m grateful for. This is a semi-random list drawn from the many things I’m grateful for, the most important of which are: after 48 years of work I still have my health and more work than […]

Beware the Marginal Buyer, Borrower and Renter

Bubbles always look unstoppable, yet they always burst.When times are good, the impact of the marginal buyer, borrower and renter on the market is often overlooked. By “marginal” I mean buyers, borrowers and renters who have to stretch their finances to the maximum to afford the purchase, loan or rent. In […]

Our National Madness

Fakery and trickery are not solutions; they are a form of self-delusional madness that destroys the nation’s ability to face reality squarely and choose real solutions, no matter how painful the choice and path might be. The nation has lost its common sense, its soul and its sanity. Can we summarize […]

Want Widespread Prosperity? Radically Lower Costs

As long as this is business as usual, it’s impossible to slash costs and boost widespread prosperity. It’s easy to go down the wormhole of complexity when it comes to figuring out why our economy is stagnating for the bottom 80% of households. But it’s actually not that complicated: the primary driver […]

The Demise of Dissent: Why the Web Is Becoming Homogenized

In other words, we’ll be left with officially generated and sanctioned fake news and “approved” dissent. We’ve all heard that the problem with the web is fake news, i.e. unsubstantiated or erroneous content that’s designed to mislead or sow confusion. The problem isn’t just fake news–it’s the homogenization of the web, that is, […]

The Superhero Complex: Are We Incapable of Saving Ourselves?

If we felt empowered in daily life, would we be so enamored of superheroes constantly saving our world from destruction? It’s been widely noted that the U.S. film industry ably functions as a pro-global hegemony propaganda machine: even when the plot features evil rogue elements at work in a global-hegemony agency […]

Is This Why Productivity Has Tanked and Wealth Inequality Has Soared?

Needless but highly profitable forced-upgrades are the bread and butter of the tech industry. One of the enduring mysteries in conventional economics (along with why wages for the bottom 95% have stagnated) is the recent decline in productivity gains (see chart). Since gains in productivity are the ultimate source of higher […]

Mideast Turmoil: Follow the Oil, Follow the Money

In this scenario, time is running out for Saudi Arabia’s free-spending royalty and state– and for all the other free-spending oil exporters. While there are numerous dynamics at work in the turmoil roiling Saudi Arabia and by extension, the Mideast, one way to cut to the chase is to follow the […]

Forget the Bogus Republican “Reform”: Here’s What Real Tax Reform Would Look Like

The point is to end the current system in which billionaires get all the privileges and financial benefits of owning assets in the U.S. but don’t pay taxes that are proportional to the benefits they extract. As has been widely noted, the Republicans’ proposed “tax reform” is not only just […]

Beat the Crowd

Just to state the obvious: you don’t have to agree with everything I write here to support Of Two Minds, nor do I expect you to–differences of opinion on problems and solutions are natural, healthy and productive. As everyone who spends any time in the blogosphere knows, the end of […]

The Fetid Swamp of Tax Reform

The likelihood that either party will ever drain the fetid swamp of corruption that is our tax code is zero, because it’s far too profitable for politicos to operate their auction for tax favors. To understand the U.S. tax code and the endless charade of tax reform, we have to start […]

Where are Europe’s Fault Lines?

Beneath the surface of modern maps, numerous old fault lines still exist. A political earthquake or two might reveal the fractures for all to see. Correspondent Mark G. and I have long discussed the potential relevancy of old boundaries, alliances and structures in Europe’s future alignments.Examples include the Holy Roman Empire and […]

Our Culture of Rape

These are the poisoned fruits of a neofeudal system in which power, wealth and political influence are concentrated in the apex of the wealth-power pyramid. Stripped of pretense, ours is a culture of rape. Apologists for the system that spawned this culture of rape claim that this violence is the work […]

How Will Bitcoin React in a Financial Crisis Like 2008?

If the ownership of bitcoin is as concentrated as some estimate, then the liquidity issue distills down to the actions of the top tier of owners. Whenever I raise the topic of bitcoin and cryptocurrencies, I feel like an agnostic in the 30 Years War between Catholics and Protestants. There is precious little […]

The Big Reversal: Inflation and Higher Interest Rates Are Coming Our Way

This interaction will spark a runaway feedback loop that will smack asset valuations back to pre-bubble, pre-pyramid scheme levels. According to the conventional economic forecast, interest rates will stay near-zero essentially forever due to slow growth. And since growth is slow, inflation will also remain neutral. This forecast is little more […]

Let’s Clear Up One Confusion About Bitcoin

If bitcoin can be converted into fiat currencies at a lower transaction cost than the fiat-to-fiat conversions made by banks and credit card companies, it’s a superior means of exchange. One of the most common comments I hear from bitcoin skeptics goes something like this: Bitcoin isn’t real money until I […]

What’s Driving Social Discord: Russian Social Media Meddling or Soaring Wealth/Power Inequality?

The nation’s elites are desperate to misdirect us from the financial and power dividethat has enriched and empowered them at the expense of the unprotected many. There are two competing explanatory narratives battling for mind-share in the U.S.: 1. The nation’s social discord is the direct result of Russian social media […]

What the Kennedy Assassination Records Reveal: Uncontrollable Incompetence

Imagine Harvey Weinstein wielding a “top secret” stamp to block any exposure of the uncomfortable truth and you have the FBI, CIA and NSA. One way to interpret the intelligence community’s reluctance to let all the Kennedy assassination archives become public is that the archives contain evidence of a “smoking gun”: that is, […]

Why Is Bitcoin a Big Deal?

Centralized banking and all other forms of intermediary rentier skims are presented as solid. If history is any guide, these supposedly solid entities may well melt into air. Why is bitcoin considered such a big deal? Why has it grabbed so much mind-share, and why is it skyrocketing? And why is […]