January 2012
2 posts
The US Government Is Not A Person (And why...
I’ve recently seen some politicians use the example of a person and credit card debt to explain why we need to cut government spending. This is a horribly misleading example. The US government is not a person. Understanding the difference is key to understanding why our government actually needs to spend more in the short term to get our economy back on track. Paul Krugman wrote a few...
How to explain our economic problems to a teenager
First, let me start by saying that I hate it when people try to simplify a complex problem. Details matter. But the political debate about our economy has been so obfuscated by politicians that I find it necessary to go back to basics: Why are we in an economic downturn? My goal is to explain our issues in as simple terms as possible. So here goes nothing. 1. In the 90’s and early...
