Feds Have Economy on Life Support
Our faith is weakening. That is, our faith that the government will be able to cause inflation, sooner or later. Let’s review our own narrative: deflation now, inflation later. It’s very simple. Maybe too simple. After a half a century of credit expansion, we now have a credit contraction. In this sense, everything is happening as it should. There was a crash and credit crunch at the end of last year. Then, the feds panicked. They fought back with monetary and fiscal stimulus. Rates were
The History of Verizon, Part Three (September to October 2000)
[ EDITOR'S NOTE: About a year ago, I began a comprehensive history about the expansion of Verizon. I don't know if I will ever finish the narrative, because the story is quite complicated. But here is the next installment in the series. Part One, which concerns itself with April to August 2000, can be found here . Part Two, which concerns itself with August 2000, can be found here .] With the August strike eating eighteen days of steady service, Verizon Communications faced a considerab









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