This article from Slate does a very decent job at explaining how bad the economic situation is and will most likely remain so for the foreseeable future. Then near the end, the classic Keynesian slip, “That is not to say that there is nothing to be done, of course, or that the current state of affairs is inevitable. More stimulus or more aggressive monetary policy could help the economy, boosting employment and keeping the self-sustaining recovery going. But such measures are unlikely, given Congress’ concern with the debt ceiling and cutting spending [Emphasis mine].” Print more money? Great idea–bring on hyper-inflation!
In the aftermath of Rand Paul’s recent support of the War on Drugs ( http://reason.com/blog/2013/05/13/rand-paul-assures-evangelicals-that-he-d ), many people have defended Senator Paul, saying, “He was speaking before the most socially conservative audience in the country. What do you want him to do? Tell them that the government has no business legislating morality? Tell them that […]
The last 60 seconds of this documentary is a bit off, but 99% of it is spot on and demands attention. The cost of an American college eduction was once “well worth the cost.” It no longer is (for a vast majority of reasons). The promises of $1M more in aggregate salary over a person’s […]