My new podcast episode is out.

Fortunately (for them; so far) They Never Let The Facts Confuse Them Too Much

   (Commentary posted by Roger Erickson)

Prof. Brad Lewis writes:

"There's a major growth industry lately in the apocalypse-because-of-fiat-money [ideologues]. They've been wrong every time before, and Stockman never seems to have recognized that the Reagan administration's stimulus, with budget deficits to match, is a major reason the economy did well during his 1st term."

What Is Around the Corner Is a Flaming Meltdown of the Fed's Third Financial Bubble* 

"But fortunately (for whom?), they never let the facts confuse them too much.

Alas, Stockman provides a very predictable template."

* plus, the sky is falling