Tag Archives: debt
How to Fix America’s Debt
Third quarter Gross Domestic Product increased at a 2 percent annual rate, reported the Commerce Department last Friday. That’s up from the second quarter’s 1.3 percent growth rate. But don’t get too excited… According to Lucia Mutikani at Reuters, the … Continue reading
In Mob We Trust
“Democracy is a pathetic belief in the collective wisdom of individual ignorance,” – H.L. Mencken Democratic Collectivism With the possible exceptions of love and war – or a residential real estate bubble – there’s nothing like the promise of election … Continue reading
“The Bank Was Saved, and the People Were Ruined”
“The Bank Was Saved, and the People Were Ruined” By Jeff Thomas, International Man The above quote is from William Gouge, commenting on the Panic of 1819. The panic had been caused when the First Bank of the United States … Continue reading
Rising Food Prices are No Laughing Matter
The Commerce Department reported on Wednesday that wholesale inventories rose 0.5 percent in August. What’s more, according to the Commerce Department sales at wholesalers rose 0.9 percent in August…the first increase since April. What this means exactly we don’t quite … Continue reading
