Economics and Investing:
Michael Z. Williamson (SurvivalBlog’s Editor at Large) mentioned this chart: The U.S. Misery Index, showing unemployment and inflation. Note that the numbers for the last 16 years are artificially low, because the back room boys have been monkeying with the inflation statistics. (They have been made artificially low, by the advent of hedonic adjustments.) Reader RJK wrote: “Jefferson County, Alabama will be bankrupt by July of 2011 and the bankruptcy will exceed that of Orange County, California. The county is going bankrupt because the county commissioner engaged in [derivative] interest rate swaps that exceeded the level of debt. He and …