Intro LO: The recent warning of Janet Yellen (b.1946), economist and former US Treasury Secretary (2021-2025), has been on my mind for quite some time. I suppose this quote is essential for any country, and especially USA: "a state with increasingly expensive obligations and a very limited appetite for taxes." (Fortune) Note LO: markings in quote by me. Most likely,...
Late 2017, I published my blog on Waves (2), including the long-term economic Kondratiev wave (c.45-60 years), and the long term generational Strauss-Howe cycle (c.80 years). In my 2018 and 2020 blogs, I integrated (i) Needs, Wants & Beliefs and (ii) Awakening into the Strauss-Howe cycle. Source: Charles Hugh Smith, 11 June 2008, Dude, We Are So...
Recently, I watched the TV crime series Dalgliesh, SE03 Ep5+6, in which a bartender made the remark that some villagers viewed the nearby nuclear power station as a "necessary kind of evil". Necessary referred to jobs and money (eg, villagers). Evil referred to nuclear (eg, radiation, waste). "A necessary evil is an evil that someone believes...
Quite possibly, the opinion in Le Monde (see below) by French economist Thomas Piketty is wishful thinking. Nevertheless, I agree with its title: Rethinking the world without the US. In my view, Thomas Piketty uses (his) facts to promote his ideology in writing. In my view, the 2025 situation in USA has accelerated a trend that was visible decades ago: America is no...
In March 2018, I wrote about the simplicity bias, part-1 to part-5. It took me some months before I realised everything is getting more complex (eg, in life, nature, universe). In September 2018, I started writing on the complexity bias (1). Many episodes followed (eg, part-14 in 2024). Today, starts part-15. Early April 2025, Quanta published this article: Why...
Intro LO: The Nikkei Asia article (below) reminds me of one of the seven unresolved prophecies by American clairvoyant Edgar Cayce (1877-1945) about China: On one occasion, Cayce told a group of people that eventually China would become “the cradle of Christianity, as applied in the lives of men.” “Yea, it is far off as man counts time, but only a day in the heart...
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