The first part of the title to this post is a very common phrase amongst conservative circles. In it’s simplest form, the phrase means that as long as we can improve the general economy we will improve the lot of everyone actively involved in the economy. Generally, this statement is true. A growing economy grows total compensation for workers at all levels. The phrase is | Read More »
A round up of the recent news from the twenty fourth state.
From the diaries by Erick. U.S. household debt is falling and the savings rate is on the rise. Economists say consumers appear to be curbing their spending and displaying a healthy prudence about taking on new debt — something financial planners have been admonishing Americans to do for decades. What economists don’t know is whether people are bringing down their debt voluntarily or whether it’s | Read More »
Now that the Paulson Plan has failed to pass the House (at least this time around) the question everyone seems to be asking is: Where do we go from here?
In my last piece I esteblished some clear evidence that the government was complicit in creating this “crisis” that we are in (continuing my aversion for the word crisis). This piece is aimed at finding a sensible way to correct the current problem without continuing the circumstances that got us here.
Like many of you, I am trying to wrap my head around the “crisis” that we are in (I hate that word…thus the scare quotes). I’m going to try to piece together a few good articles and tidbits from bloggers to help us all understand this better.
Via reason’s blog Hit and Run you can check out this interactive tool that shows you what countries are spending on different classes of goods. If you click on over there and check out the “Recreation” tab, you will see something that I find to be quite telling.
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