Currently, the US debt stands at a bit over 14 trillion dollars. That sounds like alot to most people, and it most certainly is. However, I don’t think most people can really comprehend just how much money this is. 1.37 MILLION dollars is alot of money. Most people would consider themselves quite wealthy to have [...]
Archive for the ‘Economics’ Category
Intellectual Inertia, Keynesianism & the Death of the Republic
June 13th, 2011
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The blog article I link to below is written by a self-professed anarchist. I think it’s worth a read (as are many of the articles on the Whiskey & Gunpowder site) for anyone who truly believes in freedom and liberty of the purest form. Of course, I certainly don’t consider myself an anarchist. But, I [...]
Obituary of Common Sense
June 12th, 2011
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Received this by email today from my mom. Thought it was a pretty sobering statement on the world we live in today, and, more specifically, the state of the United States of America in 2011: Today we mourn the passing of a beloved old friend, Common Sense, who has been with us for many years. [...]
Japan in Big Trouble – US Could Follow
June 2nd, 2011
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The nuclear incident in Japan is reaching unprecedented levels that could easily exceed that of Chernobyl (see video below on this page). Of course, this is terrible news for the Japanese, not only for the people of that region, but also for the country as a whole in terms of the devastation that could occur [...]
Debt Ceiling Increase – STUPID!!
June 1st, 2011
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There is absolutely NO reason to raise the debt ceiling by one penny, regardless of whether spending cuts are attached or not. We know that no spending cuts that will be proposed (and will actually PASS) will be nearly sufficient to deal with our 1.65 trillion dollar ANNUAL debt. However, if we simply choose NOT [...]
