More Historical Lessons From Europe
GDP per capita in Europe in 2014. According to the World Bank, the U.S. GDP per capita in the same year was $54,540. Wikimedia Commons In this post, I will continue my … Read More
Tag: National Debt
Articles that discuss the affects of the governmental national debt on the economy, particularly in the United States.
Arguments Between the American Left and Right
Considerations (c) Can Stock Photo / radiantskies Today we are probably experiencing some of the most important clashes of ideas since the Age of Enlightenment. If … Read More
Concerning Ethics, Economics, and Social Reality
Come now, and let us reason together … Isaiah 1:18 (c) Can Stock Photo / photography33 Following my post Will Automation Require Progressive Unemployment Solutions?, a reader called Cai left a comment … Read More
The Trump Era Begins
President Donald J. Trump delivering his inaugural address, January 20, 2017 Screenshot of ABC News broadcast Uncompromising. That was the major tone of Donald Trump’s inaugural address on the west … Read More
President Trump Faces a Divided People
Donald Trump giving his victory speech early this morning YouTube / RT.com Donald J. Trump’s victory yesterday to become the President-elect of the United States is a fitting surprise for … Read More
Why Isn’t the US Economy Booming?
A wartime factory worker in 1940s Fort Worth, Texas Wikimedia Commons/Library of Congress, Prints and Photographs Division On opening up my online edition of the Wall Street Journal this morning, … Read More
How Is the Weather Like a Country’s Economy?
Hurricane Isabel, a category 5 hurricane, seen from the International Space Station in September 2003. This deadly storm had many of the same system characteristics in the planet’s weather that … Read More
Another Reason Not to Be Economically Optimistic
Dow Transportation Average Index on top, S&P 500 index on the bottom Image courtesy of StockCharts.com In my last post I gave several reasons why you should be economically pessimistic … Read More
The US Is Drowning In Debt
U.S. Drowning in debt? (c) Can Stock Photo/Sangoiri [N.B. This essay was changed on 8/25/2016 to correct an error on the composition of the net federal debt.] Just when you … Read More
The Japanese Economy is Stalling Out
Shinzo Abe, Prime Minister of Japan Wikimedia Commons/US Embassy, Tokyo From the Wall Street Journal we learn that Japanese economic growth nearly sputtered out in the second quarter of 2016. … Read More
If Hillary Clinton Were President …
Hillary Clinton speaking at the Brown & Black Presidential Forum in Des Moines, Iowa on January 11, 2016 Wikimedia Commons/Arthur Skidmore Given how the bombastic Donald is increasingly sabotaging his own … Read More
Where the Left Is Leading the World: Catastrophe
The storming of the Bastille, 14 July 1789 during the French Revolution Wikimedia Commons/Bibilothèque Nationale de France If you have read any of my posts and detected a somewhat gloomy … Read More
The GOP’s Better Way
Rep. Paul Ryan (R-Wi) taking over the House Speakership from Rep. John Boehner (R-OH) Wikimedia Commons/Office of Speaker Paul D. Ryan On a lot of issues Donald Trump has been … Read More
The U.S. Federal Government Budget
Total U.S. Federal Government Debt in millions of dollars (blue curve with scale on the left), and its share of GDP in percent (maroon curve with scale on the right). St. … Read More
The Hard Work: Cutting Entitlements
FDR quote on Social Security Image Credit: Flickr.com/Donkey Hotey The hardest political job in cutting federal spending – … Read More
Cutting Government Expenditures
Federal government budget considerations (c) Can Stock Photo/robwilson39 I have been promising for some time now, most recently in What to Do About Keynesian Secular Stagnation, to discuss how the … Read More