Archive for July, 2011

Averting a looming government default

The public’s mindset right now regarding our fiscal situation is one of anxiety which is being carefully constructed by politicians and the media portraying the absurd notion that without increasing the debt ceiling a default is imminent. There is absolutely nothing further from the truth; in fact it is next to impossible for a default […]

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Sanitizing printed money

With all the political discussion right now about the National Debt and the battle concerning the Debt Ceiling, it provides a good time to reflect on a few thoughts regarding deficit spending outlined by the following questions: Q: What is it called when the Government borrows money to cover the excess spending versus the revenue […]

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