Tag Archives: debt
Harris Wants Your Retirement Account
Vice President Kamala Harris supports the nearly $5 trillion in tax increases included in President Biden’s 2025 budget proposal. The proposal is close to 200 pages and includes an extensive list of tax hikes. Continue reading
Dollar Debasement Ad Infinitum
If there’s one thing to understand about what’s going on in the political economy today, it is the fundamentals of debt. You do not need to be a bean counter or get too deep into the weeds to get a handle on things. Continue reading
Policies of Disaster
The world we’ve entered – a world of rising interest rates – is an unfamiliar place. Americans haven’t experienced it in over four decades. But, nonetheless, it is part of the long term, secular movement of the credit cycle. To understand what’s going on, all you need to do is look to the past and key in on several critical inflection points. Continue reading
Perpetual Motion Machine Finance
Using debt to pay the interest on debt, like some sort of perpetual motion machine, is a dead-end street. Yet this is precisely the direction Washington is taking America’s finances. And no one in Congress can stop it. Continue reading
