Out On a Limb



     There is one supreme and universal law of human relations in all its manifestations, social, political, economic, cultural: people create no end of mischief in the hours when they are not sleeping. Any vision of history-yet-to-come must be predicated on this principle.      A correspondent of mine objected to the idea I floated a couple of times that Japan would be the first advanced industrial nation to "go medieval." This prompts me...

Let's All Go Medieval



    That voice! All a'quiver with the dread of self-knowledge that it is confabulating a story, much like the "money" that his Open Market Committee spins out of the increasingly carbonized air. His words fill the vacuum of the collectively blank American mind, where hopes and dreams spin like debris in an Oklahoma twister, only to fall incoherently on a landscape of man-made ruins. If Federal Reserve chairman Ben Bernanke were hooked up to...

The New Abnormal



    The collective state of mind in the USA these days may be even more peculiar than what went on in Germany in the early 1930s, when the Nazis were freely elected to lead the country and reconstructed the battered national psyche into a superman cult that soon beat a path to mass death and ruin. America has its own way of going crazy. We don't goose-step to tragedy; we coalesce into an insane...

No Mo' PoMo?


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     Whenever the Federal Reserve wants to tweak the dials of the economy -- or pretend that it can -- it turns first to its sock puppet at The Wall Street Journal, John Hilsenrath, and "leaks" a rumor of policy change (here). They like to do this late on Fridays when financial markets are about to close, so that market players will have a whole weekend to ponder the Fed's actions like medieval viziers...

The Deep End of the Risk Pool


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    Where on earth did Paul Krugman get the idea -- expressed Monday morning -- that ours is "a weak economy?" The Dow Jones Industrial Average is about to scale previously uncharted heights and the Standard & Poors Index is piling onto its molehill, too. If stocks are up the economy can't be weak since stock markets = the economy. All the efforts of the Gitchi Manitou behind the operations of money, the Federal...


James Howard Kunstler's newest nonfiction book, Too Much Magic, is available in stores big and small, online and off, in July 2012.

 
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