Tag Archives: debt
How Washington Ruined America’s Future
United States Secretary of Treasury Janet Yellen has an incredible job. She writes rubber checks to pay America’s bills. Yet, somehow, the rubber checks don’t bounce. Instead, like magic, they clear. Continue reading
Welcome to the Era of Targeted Bailouts
Here at the Economic Prism, we’re opposed to market intervention and bailouts of all colors and stripes. The conceit of it all, that a collection of unelected bureaucrats knows what’s best for a 330-million-person economy, sticks in our craw like a broken chicken bone. Continue reading
On the Importance of Deflation and Depressions
Deflation, in essence, means a general reduction of prices. As opposed to inflation, deflation allows consumers to buy more goods or services tomorrow with the same money they have today. Savvy consumers will then delay purchases in anticipation they can buy more for less in the future. Continue reading
Mission Accomplished?
About the time the most trusted man in America, Walter Cronkite, signed off from the CBS Evening News for the last time, something momentous happened in the U.S. credit market. Few people, apart from Bill Gross and A. Gary Shilling, understood what was going on. Continue reading
