Where the first Great Depression was epitomized by the migration of Dustbowl ihabitants to California, the not-so-great depression that is unfolding before our eyes will probably be characterized by bankrupt Californians relocating to states that haven’t been so improvident.  I am tempted to go buy an orchard, so that I can have some work for [...]

The recent economic crisis is reminding us that, unfortunately, our economy is still inextricably overdetermined by the scarcity of resources.  Despite all of the Icarian efforts and intentions of Wall Street bankers to invent infinite risk mitigating financial instruments, their wings of wax could only get them so close to that symbol infinite resources.  I [...]

The financial markets are suffering from what I would call a case of Baracktile Dysfunction.  The other morning on the Radio From Hell morning talk show, Kerry Jackson was ranting about how stupid people were for blaming the massive decline in the stock market on the election of Barack Obama for president.  He said Bush [...]