The Keynesian Blessing: Americans Are Broke
Many Americans now lack even small amounts of savings to deal with life emergencies. This is a triumph for Keynesian economics.
Fiscal Theory
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The War on Cash is Ancient
The war on cash is a war on commerce, or rather, on any commerce that can't be monitored and controlled by government.
Of Course the US Government Will Default on Its Debt
The real question about an American default has always been less a matter of if, and more a matter of how and when.
James Grant Points Out US is Broke, Left Goes Nuts
Unfortunately for us, James Grant is right.
“Who Will Pay for It?” is the Wrong Question To Ask Politicians
It's vital to debunk promises of "free stuff" but we often concentrate too much on the "free," and not enough on the "stuff."
News Flash: Uncle Sam is Bankrupt
Secretary of the Treasury, Jack Lew, released the government's audited financial statement and it make Bernie Madoff's books look like Warren Buffet's financial statements!
Soaking the Future Poor
In our efforts to soak the present rich we have been soaking the future poor.
Dan Mitchell: The Immoral US Tax Regime
"Taxes" sounds like a boring subject, but Dan brings great energy and passion to the discussion.
US National Debt Crosses $18 Trillion
US National Debt now exceeds $18 Trillion with no end in sight. Will we see national default on the debt or hyperinflation?
Is Regime Uncertainty Abating?
The most recent job report appears, on the surface, encouraging news for the U. S. economy.
