The Echo of Now
For those who might have missed the warning signs of the galloping disaster of the U.S. economy, they were right here at The Dark Wraith Forums. Over the past nearly four years, I have been laying out the broad and narrow issues that were leading to the economic catastrophe that is now evident to all but the dullest of Republicans. Some of the articles were almost entirely educational; they were written to provide readers with basic principles of economics. Other articles were a combination of education in economics principles, policy analysis, and predictions. Still other articles were, at least on the surface, purely editorial, but even those pieces were tangents from the arc of reasoning constructed by the entire body of writing I have offered: rock-solid economics principles have no business being held at bay merely to avoid noticing that politicians really are, quite objectively, as stupid as stupid gets.
The body of articles I have written and published here stands as my claim to have been far better at predicting what was to come than the vast majority of politicians, pundits, and even other economists; and, to the extent that events have proven the pessimism of my outlook accurate, the condemnation I have laid upon the Bush Administration has not been driven by ideology; instead, it has been motivated by the unbiased, unflinching application of economics free of the blinders that have been voluntarily worn for far too long by far too many of our nations leaders, media personalities, and academics, both liberal and conservative.
In the weeks and months to come, I will walk back through key principles of economics and finance, and I shall write about the severity of the current situation and what would have to be done to get this nation out of the roiling catastrophe. I shall also write about what will happen in the likely event that the political leaders and chief bureaucrats of this country, both those in office now and those who will soon take the reins of power, do other than what should be done.
No, you as a dedicated reader here will not be able to redirect this nation away from the path of tribulation to come. The situation will get worse before it does not get any better. It is out of your hands. It is out of mine, too.
Read some of the articles below, anyway; if you already have, read them again. As a point of caution, however, they will not save anyone from economic misery, nor will they offer you any personal advice to make your circumstances any better.
If you want salvation, go to church and listen to the preacher. If you want promises, turn on the television and listen to the politicians. If you want disappointment, believe what the preachers and politicians tell you. (Trust a preacher somewhat more, though; unlike our government, he's probably not treating your constitutional rights like some toy he has the right to take away.)
Once you are finished listening to the person who wants your soul and the person who wants your vote, spend time here at The Dark Wraith Forums. Here, no one is trying to get your vote; and you can be most certain no one is going to offer you salvation.
Enjoy the readings, below.
A good primer:
Seven Principles of Macroeconomics
A nice starter article:
The Structure of an Interest Rate, Part 1
A must-read piece relevant to the economics of behavior:
Rationality, Incentives, and the Agency Dilemma
A pair of articles explaining money and the cause of inflation:
A Brief Story of Money Part 1 Part 2
Some articles combining economics and finance with a strong dose of political commentary:
Prologue to the Book of Consequences
Of Crystal Balls and Yield Curves
A Bad Idea for Tax Reform
A Bad Idea Made Better for Tax Reform
A Head-Banger Primer on Tax Cuts and Job Formation
Foreign Trade and Debt
Exchange Rate Regimes
Currencies of War
The articles above are all from more than a year ago. More recent articles include the following:
The Gospel of Impending Doom
The Economics of Wreckage Part One Part Two Part Three Part Four
The Federal Reserve under Fire Part One Part Two
Finally, a few of my video lectures are worth watching:
Exchange Rates, Part 1
Exchange Rates, Part 2
Exchange Rates, Part 3
Exchange Rates, Part 4
The Dark Wraith encourages readers to stay tuned for further articles on the economics of peril, catastrophe, doom, and general misery.
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