Tag Archives: default
How the Dianne Feinstein Effect Wrecked the Future
Attempting to spend a nation to prosperity using borrowed money at everyday low rates courtesy of the Fed is not without consequences. In the short run, an illusion of wealth can be erected. In the long run, that illusion slips into decay and disrepair. Rising interest rates expedite the failure of fiscal recklessness. Continue reading
Debt and Destruction
Something’s off. And it’s making life downright unpleasant for a broad cross section of Americans. The average worker, after putting in his 40 hours a week, is coming up short. Cash outflow consistently exceeds cash inflow. Debits overwhelm credits. How could this be? Continue reading
How the Fed Retarded the Residential Real Estate Market
Even though houses are completely unaffordable, prices remain high because the supply is ultra-constrained. The Fed, in essence, retarded the residential real estate market. Only well-intentioned central planners could accomplish such a feat. 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
