The most dangerous form of Peak Oil

Summary: Robert Hirsch describes another form of Peak Oil: political peaking. Perhaps the Middle Eastern nations can produce more oil to meet the world’s growing thirst — but will they? Is it in their interest to do so? Also, the focus of doomsters on shockwaves — instantaneous and large production cuts — ignores the more […]

Consequences of a long, deep recession – part III

Summary:  this series speculates about the consequences of a deep and long recession over the next few years.  How might we react?  How might this change America?  The first post examined our alternatives.  The second discussed possible changes in our financial system.  This chapter looks at the effect on Americans, and America.  This series is an expanded version of my post of […]

Consequences of a serious US recession – part II

Summary: this series speculates about the consequences of a deep and long recession over the next few years. How might we react? How might this change America? The first post examined our alternatives. This post discusses possible changes in our financial system. The last chapter looks at the effect on Americans, and America. This series […]

Consequences of a long, deep recession – part I

Summary: this series speculates about the consequences of a deep and long recession over the next few years. How might we react? How might this change America? This post examines our alternatives. The second post discusses possible changes in our financial system. The last chapter looks at the effect on Americans, and America. This series […]

The geopolitics of inflation, an introduction

Summary:  inflation is probably not what you think it is. This essay sketches out in simple terms the nature of inflation and its relevance to today’s geopolitical situation.  This is just a sketch, nothing technical.  A hundred pages could not adequately explain these things. As Milton Friedman said, inflation is always and everywhere a monetary phenomenon. Rising commodity […]

A giant breaks his chains and again walks the earth: inflation

Inflation can reshape a nation, searing a memory into its collective consciousness that can take generations to fade. Once embedded in an economy, the government’s efforts to root out inflation can cause a severe recession. Inflation swept across the world in the 1970’s, contained only with great effort. Now it again appears, with results impossible […]

The world changed last week, with no headlines to mark the news

At least, in the American media. Mostly small stories in the back of our newpapers about this significant event, a milestone on the road to Peak Oil.“King Abdullah stresses the need to keep oil for future generations“, Saudi Press Agency (13 April 2008) — Excerpt: Custodian of the Two Holy Mosques King Abdullah yesterday emphasised […]

“Mexico: On the Road to a Failed State?”

Martin van Creveld’s theory that the 21st century will see the “decline of the State”, a reversal of the long ascent of the State since the Treaties of Westphasia ended the 30 Years War in 1648. His critics say that there is so far insufficient evidence. Mexico may soon provide an unmistakable example. If events […]

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