Analyzing the Lost Generation

by John Mauldin, Thoughts from the Frontline It is pretty well established that a tax increase, especially an income tax increase, will have an immediate negative effect on the economy, with a multiplier of between 1 and 3 depending upon whose research you accept. As far as I am aware, no peer-reviewed study exists that …

Economists Are (Still) Clueless

by John Mauldin, Thoughts from the Frontline Economists set themselves too easy, too useless a task if in tempestuous seasons they can only tell us that when the storm is past the ocean is flat again. – John Maynard Keynes, A Tract on Monetary Reform There can be few fields of human endeavor in which …

The Mother of All Painted-In Corners

by John Mauldin, Thoughts from the Frontline Alice laughed. She said, “There’s no use trying – one can’t believe impossible things.” The queen said, “I daresay you haven’t had much practice. When I was younger, I always did it for half an hour a day. Why, sometimes I’ve believed as many as six impossible things …

Japan: Exporting Deflation

by John Mauldin, Thoughts from the Frontline The evils of this deluge of paper money are not to be removed until our citizens are generally and radically instructed in their cause and consequences, and silence by their authority the interested clamors and sophistry of speculating, shaving, and banking institutions. Till then we must be content to …

The Cashless Society

by John Mauldin, Thoughts from the Frontline But Mousie, thou art [not alone], In proving foresight may be vain: The best-laid schemes o’ mice an’ men Gang aft agley, An’ lea’e us nought but grief an’ pain, For promis’d joy! Robert Burns, To a Mouse, on Turning Her Up in Her Nest with the Plough …