I can’t help but view the recent riots in England and Greece in the same way as I do a child creating a ruckus in Whole Foods’ after learning he won’t be getting a chocolate candy after all. While there may be many explanations for the behavior of the rioters and the child, I contend […]
State revenues have dropped down to a new, lower trend line. We cannot expect to return to pre-recession spending levels.
I encourage you all to read this commentary from the London Daily Telegraph which looks back at the wisdom of Thatcherism- http://blogs.telegraph.co.uk/news/peteroborne/100064330/margaret-thatcher-knew-the-single-currency-would-devastate-europe/ key takeaway- In the 1980s the policies of Britain’s first female Prime Minister, which brought pain and unrest to the UK, were called ‘Thatcherism’. Today, we would call such policies by a different […]
This continues a collection of links the people have been sending me on our long financial problems.
David and any other readers, Please watch this Youtube video; I know it is sensational and not nuanced but also know we can NOT continue on the path of borrow and spend. http://www.youtube.com/watch?v=OTSQozWP-rM&feature=related
“Saturday afternoon on NPR James Fallows proclaimed that “there is essentially no disagreement WHATSOEVER” among economists that more stimulus spending is necessary today [emphasis in the original]. He are misinformed. Last year, hundreds of economists signed a petition, circulated by the Cato Institute, whose key clause reads “it is a triumph of hope over experience […]