The U.S. is in a peculiar state of suspended animation: nothing is actually moving, we’re all frozen in an extended moment of disbelief, denial and crisis, waiting for something to finally break loose.
We know the present isn’t sustainable, bu…
The U.S. is in a peculiar state of suspended animation: nothing is actually moving, we’re all frozen in an extended moment of disbelief, denial and crisis, waiting for something to finally break loose.
We know the present isn’t sustainable, bu…
The nation’s unnerving descent into debt began a decade ago with a choice, not a crisis.
In January 2001, with the budget balanced and clear sailing ahead, the Congressional Budget Office forecast ever-larger annual surpluses indefinitely. The ou…
America is the arms merchant to the world and is likely to sell $50 billion in weapons this year. Business may not be as good in the near term, however. Military spending among all the world’s nations totaled $1.63 trillion last year, but that was…
Dozens of interesting charts in this fact-filled commentary about the ongoing housing bust…..
This huge and growing surplus inventory of houses will probably depress prices considerably from here, perhaps another 20% over the next several years.
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Well, I suppose this is one reason why we won’t get hyperinflation.
Bernake wants a Nobel Prize, not a clown suit…
Zimbabwe vs. Japan
“ZIMBABWE
This is the fear of most hard-money analysts. They see the Federal Reserve as the ultimate engine of h…
After reading this, you might want to grab a blanket and head for your ‘happy place’…..
The next Fourth Turning is due to begin shortly after the new millennium, midway through the Oh-Oh decade. Around the year 2005, a sudden spark will catalyze a…
Jan 8, 2011
AsiaTimes
BOOK REVIEW
The last American Caesars
Dismantling the Empire: America’s Last Best Hope by Chalmers Johnson
Reviewed by Jim Ash
The United States is a country convinced of its own greatness. And while many would argue thi…
The population of the United States has increased steadily by roughly 2.5 million people every year since World War II. Throughout prosperity and hard times, Americans continue to have families. Many of the country’s regions have expanded to ac…
November 18, 2010, 8:45 am
Were the Bush Tax Cuts Good for Growth?
By DAVID LEONHARDT
Liz Peek at FoxNews.com congratulates me for writing about the importance of economic growth. So in the spirit of maximizing growth, I want to pose a question: Why …
October 16, 2010
Income Inequality: Too Big to Ignore
By ROBERT H. FRANK
PEOPLE often remember the past with exaggerated fondness. Sometimes, however, important aspects of life really were better in the old days.
During the three decades after World…