Tag Archives: dollar
Playing with Fire
The great default is rapidly approaching. Time is running out. Like a runaway freight train…there’s no stopping it. To start, the U.S. government is broke. The only thing keeping the lights on in Washington is $1 trillion per year of … Continue reading
Janet Yellen’s Bad Idea
Yesterday something quite remarkable happened. House Republicans and President Obama talked. We don’t know what it was they talked about. But, perhaps, it had something to do with raising the debt ceiling. Wall Street was elated. The DOW and the … Continue reading
Committed to Mass Public Spending
Yesterday President Obama said a government shutdown “would throw a wrench into the gears of our economy.” Here at the Economic Prism we say, “Bring it on.” For a wrench caught in the gears is just what’s needed…especially if the … Continue reading
Things Are Getting Better and Other Popular Lies
The President says things are getting better. The economy’s improving. There will be prosperity for all in our time. But if you live outside the Washington beltway, and earn your living through honest means, you know this is essentially a … Continue reading
