Tag Archives: stimulus

China’s Debts are Coming Due at the Worst Possible Time

The economic consequences of coronavirus are quickly piling up like garbage along the streets of Los Angeles.  Breaking supply chains, closed Chinese factories, iPhone disruptions, and massive shortages of Chinese made products.  These developments will most definitely get worse before they get better. Continue reading

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Smart Programs of Capital Destruction

These days everything must be smart.  There are smart cities, smart grids, smart policies, smart TVs, smart cars, smartphones, smart watches, smart shoes, and smart glasses.  There’s even something called smart underwear. Before long everything around us will be so … Continue reading

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The Fastest Way to Escape a Debt Trap

Borrowing money and spending it can be fun.  Certainly more fun than saving and paying down debt.  Not only that, borrowing money’s much easier too. Saving takes prudence, discipline, and hard work.  Running up the credit card takes none of … Continue reading

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Consumers Don’t Stand a Chance

Most economists don’t do any favors for the esteem of their trade.  They take ideas a third grader would know are idiotic and champion them with bluster and bravado.  Hardly a day goes by where some economist doesn’t prove he’s … Continue reading

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