sovereign debt

Another way to look at the national debt. More comforting, less scary.

Summary:   Today we have one example from the flow of comforting words about the government’s deficits. While pleasant reading, written by a knowledgeable expert, it does not withstand close scrutiny. One of the great oddities of history is why nations adopt policies that were so obviously doomed to failure, or even disaster. It’s a long …

Another way to look at the national debt. More comforting, less scary. Read More »

Let’s watch a great nation’s wealth burn away

Summary:   Part of our year-end national festivities should be looking at the deterioration of the Federal government’s finances. Especially since the resolution of the fiscal cliff follies shows that neither party in fact cares.  There are few deficit fighters, mostly arsonists.  As for spending our money, it’s burnt for political profit and private gain. Here …

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