Ethics and the Decision to Walk Away
What should you give up in order to make your payments? Food, education, transportation, funds to live on in old age?
What should you give up in order to make your payments? Food, education, transportation, funds to live on in old age?
Why has the stock market declined despite a strengthening in the growth momentum of monetary liquidity?
This article originally ran on Tuesday, February 17, 2009. It was near the low of the last stock-market cycle.
What once was believed to be a city of destiny (paradise on earth) is being destroyed by government looting.
The US healthcare system is a complex leviathan of interdependent cartels rather than a free market.
Transfer spending is the Godzilla that threatens to consume New York, Tokyo, Berlin, and nearly every other city on the planet.
No, the bill can't be paid and won't be paid. That much should be obvious. But denying the obvious is a mental trait built into the structure of the system. The economic crisis of 2008 was really just the realization that the consumer-debt load at the time was unsustainable.
If Congress passed legislation that systematically reduced the debt ceiling over time, the economy could be rebuilt on a solid foundation.