HeyJaredO'Shannassy's Dispatches from Collapse
Exposing the collapse of mainstream economics through theory, history and hard evidence
- Indexed issues, last 90 days
- 12
- Latest publication
- Sep 27, 2026
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- Jul 12, 2026
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The Most Tragic Moment In Economic History (opens the original)
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AudioCutting To The ChaseIn 1844 Britain had a chance to change the course of world monetary history. It had endured the crashes, debated the problems and had the political power to act. It blew the opportunity.The failure began with economics itself. How do you design a sensible money system when your theory cannot coherently explain how money fits into the economy?Start with an economy without money. Introduce money later and assume the original conclusions still work. This theoretical nonsens
SpaceX: To the Moon and Back To 1825 (opens the original)
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AudioCutting To The ChaseThe investment stories change, but the same credit mechanism keeps returning. Fractional Reserve Banking (FRB) allows banks, including Central Banks, to create the money they lend. More lending, more buying and higher prices then appear to justify still more lending. The boom feeds on itself, until the process reverses.From the 1820’s Latin American silver mines to SpaceX and asteroid mining today, genuine opportunity can make a bubble more persuasive, not less. New tech
America’s Blues Brothers (opens the original)
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AudioCutting To The ChaseStart with the winner of O’Shannassy AICES, U.S. Division: Illinois. Of course. Chicago’s economic mismanagement, political machine, mob connections, patronage and election skulduggery did not begin yesterday. The story goes back more than a century.AICES is not a test of ideology. You can be a globalist and still manage a state or region well. The states were scored first; party and political history came afterwards.It is not just Illinois. Eight of the ten worst states
The Most Mismanaged State or Region In The West. And the Award Goes To… (opens the original)
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AudioCutting To The ChaseWhich State or Region in the Western world is worst governed overall? Note, not a country but a state or region. How would you rank them, and who would come where on a sophisticated, rigorous and robust measure? Those are the questions I set out to answer.I measure seven things: fiscal deterioration, project waste, proven corruption, clientelism, organised crime, emergency-government abuse and failed accountability.I have now actually built such an index. It ranks 366 st
Once Upon a Credit Bubble In the West (opens the original)
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AudioCutting To The ChaseSo how was the West won? By an extraordinary burst of real economic development, supercharged by money and credit. It helped build modern America. It also produced a Credit Bubble.The 1830s are astonishingly modern. Central banking, money creation, asset bubbles, leverage, government debt, foreign creditors, bailouts and the question of who pays when it all goes wrong. Change the names and we are still arguing about much the same things today.The development was real and
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