Why the U.S. cannot inflate its way out of debt

Summary:  As we slowly become aware of our government's debt load, we seek easy solutions.  How sad that there are no easy solutions.  America was born in a decision about debt.  Treasury Secretary Hamilton proposed that the United States assume the war debts of the states incurred during the Revolutionary, paid for by tariffs on imported … Continue reading Why the U.S. cannot inflate its way out of debt

Light the fireworks – the campaign starts today!

The campaign begins today.  It does not end on 4 November 2010.   Or 4 November 2012.  It ends when enough citizens in America participate in the political process so that gain control of the government.   Not just voting, choosing between candidates on the ballot like a drunk choosing what brand of rotgut and cancer sticks for tonight's binge.   Rather … Continue reading Light the fireworks – the campaign starts today!

A quick guide to the “Emergency Economic Stabilization Act of 2008”

There are only five things of significance about the Emergency Economic Stabilization Act of 2008 (EESA), in my opinion (although we do not yet have the final version): Drafted in haste, it will have many and serious unintended consequences. Its provisions are largely irrelevant to our economic problems, intended to treat the symptoms. Our leaders have … Continue reading A quick guide to the “Emergency Economic Stabilization Act of 2008”

How should we respond to the crisis?

Summary:  Twenty months into this downcycle, its nature remains invisible to most Americans.  We see only parts, neither the whole nor its place in history.  Many posts on this site have attempted to explain the former; this post attempts the latter.  I believe that seeing today's events in the light of our past shows the … Continue reading How should we respond to the crisis?

Forecasts – Why wait? Read tomorrow’s news … today! (part 3)

Summary:  Part three of four part series.   Here is part one, part two, and part four. Forecast #4: bankruptcy Perhaps only a crisis will catalyze America’s transition to a new form of government. There is no lack of candidates. The last stone in the foundation of America’s greatness was laid by Alexander Hamilton, who as Secretary of the … Continue reading Forecasts – Why wait? Read tomorrow’s news … today! (part 3)