Long-distance Business Travel and Crisis Preparedness

Guest Post- J. Vanne

I don’t know what the future holds. Nor, in reality, do the elite in Washington, Brussels or Beijing.  Despite the hubris of the planners, the law of unintended consequences, as well as just “plain ol”  human error and ineptitude, will never allow man to create utopia, any more than a man can pull on his own bootstraps and lift himself up to Heaven.  We may be fortunate enough to see a renaissance in the West, much like what Reagan and Thatcher brought to light.  However, there are other indicators that do not bode well: For example, you may wish to review Reinhart and Rogarth’s book This Time is Different:  Eight Centuries of Financial Folly, on the utterly crushing nature of what out-of control debt can do to an economy and society that allowed it.  Or perhaps google work by Dr. Lawrence Kotlikoff of Boston University, who has noted that if all unfunded liabilities in the U.S. were totalled, we are looking at not $16 trillion-ish reddish ink (now up to $17 trillion since I first began drafting this!), but actually $222 trillion. Do (Read More….)