government debt

Harsh truths about the Federal debt, showing how Left & Right lie to us

Summary: Each presidential campaign season the federal debt becomes an issue, with the debate consisting largely of bogus soundbites. Each election sees that the federal debt has not only grown, but has grown faster than the US economy — with little to show for it (e.g., our public infrastructure rots). This will not end well …

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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. …

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About the crisis: The GOP is right. So is Obama. That’s why it’s a crisis.

Summary:  We can learn lost lessons about our government from the debt crisis. Much of what’s said in the media is wrong, chaff thrown to confuse us. Here are some simple facts about the crisis. Both sides are right. If they cannot agree, there is a simple but perilous solution. It has worked before and …

About the crisis: The GOP is right. So is Obama. That’s why it’s a crisis. 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 …

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The June jobs report: continued slow growth, bought at a high cost

Summary: The news media focuses on the month-to-month changes in the jobs report, which consist mostly of noise. Strong months confirm the optimists; weak months confirm the pessimists. In fact the trend of growth remains the real story, with the US economy near stall speed — supported only (like the other developed nations) by massive …

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