Sublime

Where do we stand on the issue of deflation versus inflation? We think we’ll have both. Deflation first, and then inflation. It will probably take further downturns and a greater collapse of borrowing and lending to induce even more extreme responses from governments. In the endgame, we see a very low likelihood that the Federal Reserve and other c

The concept of megapolitics is a powerful one. It helps illuminate some of the major mysteries of history: how governments rise and fall and what types of institutions they become; the timing and outcome of wars; patterns of economic prosperity and decline. By raising or lowering the costs and rewards of projecting power, megapolitics governs the a

I think that Europe provides valuable insight. One example is our attachment to economic security for the many. In the US, the workers’ safety net has been methodically dismantled over the last decades. As for China, its singular political system provides little room to implement the kind of social compromise that once reconciled classical liberals

The Bob Rubin trade? Robert Rubin, a former Secretary of the United States Treasury, one of those who sign their names on the banknote you just used to pay for coffee, collected more than $120 million in compensation from Citibank in the decade preceding the banking crash of 2008. When the bank, literally insolvent, was rescued by the taxpayer, he

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When the technologies that are shaping the new millennium are considered, it is far more likely that we will see not one world government, but microgovernment, or even conditions approaching anarchy.

Sam explained that he was trying to decide whether to simply pay off the $9 billion Bahamas national debt himself, so the country could fix their roads and build schools and so on. He’d recently met with the new prime minister to discuss this idea and some others. I learned later from one of the prime minister’s aides that after the Bahamian genera