All the news recently hasĀ been about raising the debt ceiling and about the national debt. But no one understands billions and trillions of dollars and politicians rely on the arcane nature of the whole discussion to obscure what is really going on. So I decided to reduce it all down to the level of a… Continue reading If the Debt Ceiling and National Debt Were Like a Personal Budget
Category: Economy
Murder, Suicide and Income Inequality
Income inequality between the top and bottom of the economic ladder is supposedly large and unjust and growing. A more thoughtful and intellectually rigorous analysis suggests otherwise.
Worried to Death about Debt
George Barna, the pollster who specializes in comparing the attitudes of evangelical Christians in the U. S. to those of Americans in general, has released some new research. The research tells us that Americans, both believers and unbelievers, are worried sick about debt. But indebtedness today is really not much different than it has ever been.
Sub-Prime Loans and Sub-Prime Journalism
I was driving along in my SUV the other day, happily emitting carbon (from the vehicle, that is) and doing my small part to warm the planet, when I heard yet another report on the radio about the sub-prime mortgage “meltdown”. Is it a meltdown? Many statistics indicate otherwise.