Category Archives: Government Debt
A Valuable Lesson on Money Creation
“No, absolutely not,” answered European Central Bank (ECB) President, Mario Draghi on Saturday over croissants in Paris. He was responding to a question from the French newspaper Le Monde, asking if the euro were in danger. There are numerous axioms … Continue reading
Celebrating Independence Day with Gratitude
Uncompromising independence and limitless personal freedom were once essential to the American character. According to popular American folklore, they still are. We have some reservations. No doubt, America was at one time the land of the free. Of course, that … Continue reading
Violating the Promptings of the Economy
I left my heart in San Francisco High on a hill it calls to me To be where little cable cars climb halfway to the stars The morning fog may chill the air, I don’t care My love waits there … Continue reading
Give Democratic Socialism a Chance
“It is not good to have a rule of many.” – Homer A New Greek Tragedy A country with a burgeoning economy offers an intoxicating sensation. It warms the hearts and softens the minds of men to notions that would … Continue reading
