Typically interest rates get cut during bad economic times, like a recession. It is a bit of a mystery to me why interest rates are being cut during a “good” economy. This is classically a recipe for a bubble, such as the real estate bubble that led to the crash of 2008. So where is the bubble today? The Conversation says: corporate debt.
I think the ultimate flaw in liberal democracy is a tolerance of intolerance. This seems a bit slippery but it isn’t really. Some things shouldn’t be tolerated, no matter how tolerant you want to be. A good read that goes down this road starting with John Stuart Mill and freedom on speech and ends with today’s modern fascist strongmen around the world (for lack of a better term). And yes, it is all about the internet and the breakdown of traditional communication channels. I’m not saying this is a bad thing, but get ready for some rough road ahead. And as my Mom used to say: don’t believe everything you read. From the Boston Review: