Category Archives: Government Debt
An Absolute Disaster?
Last Thursday the DOW surpassed 17,000 for the first time ever. What a marvelous achievement. The combined forces of mass money creation and speculative fervor have bid up the market to levels a person of sound mind and honest intentions … Continue reading
Cause and Effect of a Broken Market
According to the professionals, the economy’s improving. Can you believe it? Despite the fact that first quarter GDP declined at an annual rate of 1 percent, economists are coming up with the darnedest reason why things are getting better. “Late … Continue reading
Albert Einstein’s Eighth Wonder of the World
“It’s a stupid way to run a country,” remarked Maya MacGuineas over the Thanksgiving holiday weekend. MacGuineas, head of the Campaign to Fix the Debt, was commenting on Congress’s failure to operate within a budget. “Change comes from two possible … Continue reading
Playing with Fire
The great default is rapidly approaching. Time is running out. Like a runaway freight train…there’s no stopping it. To start, the U.S. government is broke. The only thing keeping the lights on in Washington is $1 trillion per year of … Continue reading
