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Tag Archives: saving
Dependent Upon A Bankrupt System
Ralph Waldo Emerson, in the mid-19th century, observed that “Society is always taken by surprise at any new example of common sense.” Perhaps Emerson meant that common sense is rather uncommon. What’s more, if common sense was uncommon in Emerson’s … Continue reading
Posted in Government Debt, MN Gordon
Tagged 401K, default, retirement, saving, social security
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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
Posted in Government Debt, MN Gordon
Tagged congress, debt, debt ceiling, default, dollar, government action, saving, treasuries
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Death of the Consumer and Other Miracles
Something peculiar is going on. One data point says the economy’s improving. Another says it’s floundering. Nonetheless, we strive to connect the dots and draw inferences as we go. For example, according to data released Tuesday, manufacturing and construction spending … Continue reading
Posted in Economy, MN Gordon
Tagged bubble, construction, consumers, manufacturing, saving, spending
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Secrets of the September Swoon
Federal workers, and many other fine folks, celebrated Labor Day yesterday by partaking in lethargy. Here at the Economic Prism we did nothing of the sort. Rather, we continued our labors for fun and for free…and always on your behalf. … Continue reading