What if I asked you to forget everything you ever learned about the Great Depression? You’d say I was crazy. But hold on for a moment and consider a slightly different perspective – a perspective that you won’t find in too many history books. And, quite frankly, a ...

Below is an excerpt from a commentary originally posted at www.speculative-investor.com on June 7, 2009. It is clear that a concerted effort is being made to replace the ruptured private-sector debt bubble with a government debt bubble, although the effort is generally not labeled as such. Moreover, the dramatic increase ...

[Editor’s note: The following article originally appeared on June 6 on the blog Futronomics, hosted by Matt Stiles.] I think it is appropriate for us to revisit a John Kenneth Galbraith quote that I have posted before from his book, The Great Crash. What ...