The American Economy

And the dominos keep falling, this time it is Spain . Again, they spend more than is brought in via tax revenue so they need to go to financ...

As the previous post points out, Greece is in trouble. To get out of this trouble (as we talked about in class) they rely on the bonds mark...

Deficits are financed by issuing bonds. When the credit rating falls for those bonds, it signals an increased risk of default. This is cur...

Bad news in the jobs market. More evidence that this economy is slow to recover with more questions of if this is the new way of things. H...

Here is a past post to check out . Look up the Fannie and Freddie podcasts from NPR to get an idea of what they are and how they contributed...

Many of the problems Americans face can be dealt with by creating some inflation in our country. Most of our debt is in nominal, not real te...

Local school districts have no money. Voters are turning down propositions for increasing spending. The unions refuse to give enough conce...

Here is a good Op-Ed piece in the NY Times on Financial Aid. One very interesting paragraph, and a nice complement: When I was in college,...

Via ‘Marginal Revolution’ we get this link for legalizing Hemp . Plenty of interesting information, but what is perhaps the most interesti...

Our government is spending more than the taxes it takes in. This has gone on for a while, and happens on all levels of government (federal,...