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John Mauldin's Outside the Box

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  • Western Civilisation: Decline – or Fall?

    What you're going to find in the piece below for this week's Outside the Box, as well as in the book, is an author who is very concerned about our civilization's prospects – and unafraid to say so. I mean, the last time I looked, "saving the world" had gone distinctly out of fashion. And then, and then, we all grow up and get pretty focused and incremental about things: if we can just address the problem or three right in front of us, we're reasonably content.

    ...
  • History lesson for economists in thrall to Keynes

    There is a debate in academic circles on the lessons of the current economic crisis. While most ivory tower debates are of little concern to our daily affairs, this debate should concern you, as it will inform those who hold central bank and political power. Remember, there is no playbook of rules for what to do in deflationary, deleveraging recessions. They are making it up as they go along.

    Today we have a short essay by Niall Ferguson published last week in the Financial Times. It speaks for itself, and you should take a few minutes to read it....