debt

Business Unusual

October 27, 2010

Here I offer you yet another one of my pet peeves. I seem to have a very full treasure trove of them but this ranks high on the list. Government should be run as a business, so they say. One of the problems is that they are so ignorant of government, and possibly of business [...]

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Fake Yodas

October 25, 2010

Have you ever acknowledged that there was something you didn’t know? Fortunately, it’s a problem I need seldom confront. I have a pet peeve. I constantly see politicians and others pontificate on issues as though they actually know what they are talking about. Given the certitude with which they deliver their dicta, one would think [...]

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Disposable

September 27, 2010

All of the attention is on the Republican Pledge. Its 21 pages are supposed to tell voters what they promise. Not really. It’s simply a distraction. They deceived the people with the Contract in 1994. The Pledge is supposed to do the same in 2010. They will not accomplish any of the things they promise. [...]

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Know Nothings

August 30, 2010

Simon Johnson last week wrote a piece for the New York Times. His contention is that the fiscal conservatives, Republicans, Blue Dog Democrats and others, cannot, in his words, be taken seriously. I share that sentiment. I also share his fear that they will define the debate. Fiscal Austerity and America’s Future By Simon Johnson [...]

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The American Dream – Part 3

August 28, 2010

Every time I try to get to other issues inherent in The American Dream the financial aspects keep intruding. Even though I was on the road on a genealogical trip, the talk of a double dip has been unavoidable these few days past. I feel compelled to respond. Once again, most of the commentary you’ve [...]

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Better Late Than Never

August 1, 2010

Is it a miracle or just a coincidence? In my last article I made mention of David Stockman. The very next day he shows up with an Op-Ed piece in the New York Times. For any of you who either were not old enough or not interested enough to pay attention at the time, David [...]

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Lie To Me

July 30, 2010

Believe. Regardless of what the facts are, believe. Have you heard about the Democratic tax increase? Or, maybe they called it the Obama tax increase. What, exactly, are they talking about? They are talking about George W. Bush’s tax increase. Bush’s? How can that be? Bookmark It Hide Sites

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Take My Hand

November 3, 2009

Please don’t be offended by the graphic. I am just offering to lead you through a little bit of a jungle where even the self-proclaimed Tarzans are lost. There are many others out there that insist you put your trust in them. They are dangerous in their hubris. They are either economists or other putative [...]

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Pay Attention

August 2, 2009

My first thought was to entitle this post, Ships Passing In The Night. That didn’t work out, for technical reasons. The appropriate picture to accompany the post would have appeared to be a black rectangle. It might have been mistaken for the picture of a black cat in an abandoned mine. Or, possibly, a picture [...]

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The Dow-Jones Illusion

March 3, 2009

All bubbles will burst but debt will remain. People are prone to believing the illusion that the Dow-Jones numbers are a measure of wealth. Were you wealthy when the Dow was over 14,000? Has your wealth vanished? No and no. Your wealth hasn’t changed. Only the illusion that you were wealthy has disappeared. Bookmark It [...]

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