Tag Archives: debt
Peddling Loans and Lies to Kids
There’s nothing like an abundant flow of money and credit to push prices out of whack. Borrowing from tomorrow to buy today has the effect of boosting demand. Prices must rise to equilibrate the boost in demand. But prices can … Continue reading
The End of Carte Blanche Bailouts
There’s a forthcoming crisis developing. Stocks have run up over the last five years to new highs. Many find this cause for celebration…we find it cause for alarm. Somewhere along their travels, stocks drifted out of orbit from the real … Continue reading
How to Seize the Day with the Mother of All Speculations
“Carpe diem quam minimum credula postero,” scrawled Latin poet, Horace, in 23 BC. The common translation for this fabled ode is, “Seize the day, put very little trust in tomorrow.” Indeed, its meaning can be easily misconstrued. Does it mean … 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
