debt limit

Mechanics and consequences of America hitting the debt ceiling

Summary: The debt crisis deserves attention not just as a potentially serious event, but also because it illuminates many aspects of America: the flaws in our political structure, weaknesses in the GOP, and our excessively credulity. This post, the sixth in this series, looks at the crisis, and why we have difficulty seeing it clearly. Contents …

Mechanics and consequences of America hitting the debt ceiling Read More »

Minting a trillion dollar platinum coin: the easy fake solution, so we can avoid fixing our problems

Summary:  The current crisis is one of governance: how our leaders work together combine with structural flaws to produce bad outcomes. Today we look at this from a legal perspective, which describes both the problem and an easy solution. Such situations show a society its problems, and provide the pressure for successful societies to fix them. …

Minting a trillion dollar platinum coin: the easy fake solution, so we can avoid fixing our problems Read More »

Most of what Democrats say is wrong about the Republicans’ recent actions in Congress

Summary: The media are alight with denunciations of the Republican Party’s stance in Congress. They say that negotiating using the threat of shutting down the government, or even forcing a default, is irrational or even mad. It is unprecedented in American history! None of these things are correct. This is the first in a four …

Most of what Democrats say is wrong about the Republicans’ recent actions in Congress Read More »

Scroll to Top