Clik here to view.
The Seigniorage Curse
Much has been said the last few decades about the Oil Curse. The idea that countries with a large petroleum inheritance actually devolve over time, failing to diversify their economies. The result is...
View ArticleClik here to view.
Be-BOP: Sudden Stop
Once upon a time in lands not far away – a different paradigm – held sway. Economists, bankers, bad boy dictators. They drummed up trouble with inflation, and debt. The typical targets? Emerging...
View ArticleClik here to view.
Washington’s Dilemma
Washington is bluffing that it will not bail out California, and every other state suffering from collapsed revenues and massive job losses. If cuts in police and schools don’t force DC off from its...
View ArticleClik here to view.
Marijuana First, Then the Oil
A number of writers and commentators, myself among them, have joked throughout 2009 that budget-crushed California would eventually be forced to tap unconventional sources of revenue. Frankly, I...
View ArticleClik here to view.
Coal and Treasuries
It was the best of times for the developing world, and the worst of times for the developed world. In the developing world, they built savings. In the developed world, they groaned and sagged under the...
View ArticleClik here to view.
Seven States of Energy Debt
Out here on Cottage Grove it matters. The galloping Wind balks at its shadow. The carriages Are drawn forward under a sky of fumed oak. This is America calling: The mirroring of state to state, Of...
View ArticleClik here to view.
Rocky Mountain Surplus
In Seven States of Energy Debt I added an energy-twist to the current comparisons between fiscally troubled European countries like Greece and Portugal, and their counterparts in the US such as...
View ArticleClik here to view.
Gold, Energy, and the Problem of Capital Storage
One of the reasons that gold retains its competitiveness as a capital-storage unit is the rather slow and plodding rate at which supply is brought to market. Since 1900, compound annual growth of world...
View ArticleClik here to view.
Noise, Not a Recovery
The State of California reported a loss of 29,000 non-farm payrolls in May. Actually, California added 88,000 jobs in May when using the total employment data for the month. However, as I have pointed...
View ArticleClik here to view.
The Risk of ‘Hot’ Inflation
Dear Readers: I’m currently writing a long-form post twice a month now for Chris Martenson’s excellent website. Accordingly, I’ll be publishing the first (and free) part of these essays here at...
View Article
