debt

New Clip from Documentary on Our Entitlement Mess

Another entry into the growing and quite impressive field of amateur documentaries looks to be quite good (although he may need some professional help to finish). This one is called Default America and it features a bunch of economists… Continue reading

Lies, Damned Lies and Statistics: A College Degree is Worth One Million Dollars

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Previous in Lies, Damned Lies and Statistics Series: Part 9: The BMI

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The surest way to the good life is a college degree, right? Hey, both my colleague Ryan Swift and I have one. As Hillary Clinton said, “Graduates from four-year colleges… Continue reading

The History of U.S. Defaults

Judge Andrew Napolitano gives a quick, concise history of defaults in the United States. A default need not be declaring bankruptcy as Napolitano discusses the gold seizure in 1934, the default on silver certificates in 1968, and Nixon closing the… Continue reading

Geithner Was Wrong: U.S. Debt Downgraded

On April 25th of this year, our ever-so-competent Treasury Secretary Timothy Geithner was asked on Fox News whether U.S. treasuries could ever lose their AAA rating.

Geithner’s response: “No risk of that.”

Less than four months later and he’s made a Ben… Continue reading

Austrians vs. Keynesians: A Case Study

The Keynesian model and the Austrian economic philosophy continue to lock horns. Similar ideas have gone toe to toe for three centuries now trying to explain the business cycle. Thomas Malthus and Jean-Baptiste Say made their case in the 19th century,… Continue reading

Rand Paul’s Pragmatic Compromise

Rand Paul has put forth an interesting solution to the debt ceiling that might appease both Democrats and Republicans: Instead of raising taxes during a recession to appease the Democrats, just make the wealthy pay for their entitlements.

Of course… Continue reading

America’s Economic Woes Are Structural

The road has been long and hard over the last few years. Chronic unemployment, falling net worth, and a bitterly weak recovery have put unbelievable strain on people across the globe. America was told the Federal Reserve had tamed the business… Continue reading

Who Says College is Worth the Cost?

Is College worth it?” asks the fun-lovingly named blog EndoftheAmericanDream.com.  I certainly used to think so. I went to college a few years back, because, as Colin Hanks says in Orange County “that’s what you’re supposed to… Continue reading

Bill Gross: US Budget is Worse Than Greece

We’ve said before that Greece was just the beginning as far as budget implosions go. By no means were we alone in this assessment, but now famous investor and Pimco CEO Bill Gross says the United States is actually in… Continue reading

Why the “Budget Cuts” Are A Joke: A Visual Representation

As I’ve already discussed, the “budget cuts” debate is complete nonsense. Here is Stefan Molyneux with a visual representation to hammer the point home. Saving ten dollars on a trip to the moon indeed:

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