It’s Not the Economy, Stupid!

It’s Not the Economy, Stupid!

As the nation heads into the next election cycle, there is much frustration, angst and anxiety directed at a system that does not seem to work. Everyone senses there is something terribly wrong with the country. The worst part of this growing malaise is the feeling that no one seems to know … Read more

Five Ways Student Loans Are Ruining Our Economy and Culture

Five Ways Student Loans Are Ruining Our Economy and Culture 2

As the fall semester begins, students are attending classes and incurring great debt. A July report of the Federal Reserve Bank of Philadelphia finds that student loans have increased tenfold since 1999. Even worse is the acceleration of this debt over the last eight years. Since 2007, loans doubled from $537 billion … Read more

A Second Warning: This Does Look Like the Big One

The first warning was pretty clear. Back in May, a group of central bankers and financial analysts met together in Basel, Switzerland and issued a report on the dire state of the world economy. The 2014 annual report of the Bank of International Settlements then claimed that the present climate is as … Read more

Crumbling BRICs

Crumbling BRICs 2

Considering the media buzz surrounding the rising emergent markets, one might think that the American economy is doomed to be overtaken by new players in the market. The future belongs to the BRICs – that acronym has been given to the four highest performers in these markets, Brazil, Russia, India and China. … Read more

Stop the Debt Fire!

The continuing debate over the debt ceiling raises matters of such a magnitude that it is easy to be overwhelmed and confused. Everyone can agree that there is obviously something terribly wrong about a nation that must survive by borrowing against its future. Elementary economics teaches us that we cannot live beyond … Read more