Hey, Mr. Kust, a little off-topic, but I’ve been wanting to recommend a book that might interest you, maybe even give you topics for discussion in your Substack. It’s the 2016 book, “Crude Nation”, by Raul Gallegos, about the unraveling of Venezuela’s economy due to socialism, wokeness run amok, graft, and general government incompetence. Gallegos was the finance writer stationed in Caracas for the Wall Street Journal, and in that capacity had access to all the insiders of Venezuela’s banking world and power players. His stories of how socialism destroyed everything - despite all that oil wealth- have really stayed in my mind. There are some seriously important lessons to be learned from this book for our own country!
As usual, central planning shows its ass. The question that I occasionally ponder is: What would interest rates currently be if the market had set them?
Many of the writers on Substack have claimed, and documented, that literally millions of people are out of the workforce because of disabilities caused by the Covid shots. But these, of course, are not discussed, acknowledged, or accounted for in any of the official job-market statistics. So the Fed’s calculations and remedies are going to be off base in any case. Maybe someday, economics students will have an interesting historical case study in scrutinizing this.
Hey, Mr. Kust, a little off-topic, but I’ve been wanting to recommend a book that might interest you, maybe even give you topics for discussion in your Substack. It’s the 2016 book, “Crude Nation”, by Raul Gallegos, about the unraveling of Venezuela’s economy due to socialism, wokeness run amok, graft, and general government incompetence. Gallegos was the finance writer stationed in Caracas for the Wall Street Journal, and in that capacity had access to all the insiders of Venezuela’s banking world and power players. His stories of how socialism destroyed everything - despite all that oil wealth- have really stayed in my mind. There are some seriously important lessons to be learned from this book for our own country!
As usual, central planning shows its ass. The question that I occasionally ponder is: What would interest rates currently be if the market had set them?
😁🙌 Live free!
This is a showdown between the socialists and the capitalists.
Many of the writers on Substack have claimed, and documented, that literally millions of people are out of the workforce because of disabilities caused by the Covid shots. But these, of course, are not discussed, acknowledged, or accounted for in any of the official job-market statistics. So the Fed’s calculations and remedies are going to be off base in any case. Maybe someday, economics students will have an interesting historical case study in scrutinizing this.