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More on the student loan bubble

There’s an interesting article found on N+1 referenced on the Economist’s Schumpeter Blog. The article is full of fascinating information about the current state of higher education and the resulting student debt.  Suffice it to say the author has an extremely pessimistic view of the current state of higher education and the impending student loan … Continue reading

NY Times Editorial: Bad Housing Numbers

The New York Times has an editorial commenting on the continued troubles with the housing market.  The Times seems to believe that the market has or will over-correct – more so than the market warrants: It would be comforting to believe that housing-market distress represents a normal, if painful, correction after a period of excess. … Continue reading

Reducing the Deficit: Spending and Revenue Options

The CBO has put together an epic 240 page document outlining 105 potential ways to reduce the national debt over the next decade.  No option is endorsed.  The document plainly lays out the current situation, how we got here, and the many politically dangerous ways that we can reduce our annual deficits. If current laws … Continue reading

IMF bombshell: Age of America nears end

Using purchasing-power-parity (PPP) rather than exchange rates, the IMF predicts China’s GDP will surpass America’s by 2016.  Yes, 5 years from now. According to the latest IMF official forecasts published two weeks ago, China’s economy will surpass that of America in real terms in 2016 — just five years from now. It raises enormous questions … Continue reading

There’s a Congressional Progressive Caucus budget?

I’m posting this link to Democracy in America because: a) I didn’t know there was a Congressional Progressive Caucus b) I didn’t know they released a budget plan two weeks ago c) I never put 2+2 together that the Republicans are screaming about raising the debt limit, yet the Ryan plan they endorsed INCREASES the … Continue reading

For many grads, the old college try’s not enough

Interesting article from the Chicago Tribune about the struggles today’s college graduates are having landing jobs in their field of study – I don’t think the revelations in the article will shock anyone. This comes on the heels of the announcement that aggregate student loan debt is now higher than credit card debt. In the … Continue reading

Inflation and the Fall of the Roman Empire

While I don’t believe in the tenets of the Austrian School of Economics, I did stumble across this fascinating lecture about Inflation and the Fall of the Roman Empire. I actually thought this speech was from 2009 when I first read it; turns out it’s from 1984.  Now, I’m not suggesting that America is headed … Continue reading

Market of Ideas

A brief article from the April 7th Edition of the Economist. Capitalism’s waning fortunes are starkly visible among Americans earning below $20,000. Their support for the free market has dropped from 76% to 44% in just one year. The research was conducted by GlobeScan, a polling firm. Its chairman Doug Miller says American business is … Continue reading

The Politics of Wishful Thinking

A quick article from Robert Samuelson about the budget. By policy and procrastination, both Democrats and Republicans would largely exempt today’s elderly from changes and shift the burden to workers and the young. That’s not “liberal” or “conservative.” It’s expedient — and bad for America’s future. It suggests the young will pay even higher taxes … Continue reading

Taxed too much?

The Exercise It’s hard to answer the question of “Are you taxed too much?” without knowing how much you actually pay in taxes.  So I decided to take a look at the math for my own taxes (married filing jointly) this year.  I’m basing this off our gross wages, which includes everything prior to any … Continue reading