Category Archives: Government Debt
Looming Greek Default is the IMF’s Problem
One of the more bewildering and frustrating things about life is that you rarely get what you expect. You set out and strive for a certain goal with all the excitement and energy of a child. You may think you’re … Continue reading
Forecasts of Gloom
Just like the clockwork of a rooster’s call at dawn. On the first day of June each year, coastal Southern California becomes encapsulated by dense gloom. You can guarantee it. Out of state visitors mistake the gloom for smog. But … Continue reading
Cynics and the Big Fat Greek Default
“Crito, we owe a rooster to Asclepius. Please don’t forget to pay the debt,” were the final words of Socrates. He uttered them shortly after downing poison hemlock in 399 BC, in fulfillment of his death sentence for corrupting the … Continue reading
The Fastest Way to Escape a Debt Trap
Borrowing money and spending it can be fun. Certainly more fun than saving and paying down debt. Not only that, borrowing money’s much easier too. Saving takes prudence, discipline, and hard work. Running up the credit card takes none of … Continue reading
