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World Events

Greece’s Debt Cut to CCC

Greece’s debt is now cut to CCC in preparation for an eventual default. Brussels just cannot think out of the box. There will be no solution until the...

Louisiana Outlaws Cash Transactions for Used Goods

Louisiana has passed a bill making it illegal to pay for used goods with cash. You can no longer buy something at a yard sale, flea market, or anywhere else where...

Bull Market in Taxes

In the UK, people are suddenly shocked that the government can simply just grab money out of your account without any court order or a right to object in advance as...

The Sovereign State Defaults of 1839-1843

Some question about Sovereign Defaults and how often they occur seem to assume the the Age of New Economics ushered in by Keynes eliminated that possibility and...