Tag Archives: debt ceiling
Janet Yellen’s Bad Idea
Yesterday something quite remarkable happened. House Republicans and President Obama talked. We don’t know what it was they talked about. But, perhaps, it had something to do with raising the debt ceiling. Wall Street was elated. The DOW and the … Continue reading
How American Government’s Supposed to Work
It appears things are finally reversing course. After years of expanding, the bull market in government may have finally hit an inflection point. This is great news. For a reduction in the size of government compared to the overall economy … Continue reading
Committed to Mass Public Spending
Yesterday President Obama said a government shutdown “would throw a wrench into the gears of our economy.” Here at the Economic Prism we say, “Bring it on.” For a wrench caught in the gears is just what’s needed…especially if the … Continue reading
Shattering the Debt Ceiling
It’s always exciting when money and politics mix. For example, on Friday billionaire investor Warren Buffett told students at Georgetown University it would be “pretty damn dumb” if Congress and President Obama don’t reach an agreement to raise the nation’s … Continue reading
