Tag Archives: national debt

Old Math, New Math, Washington Math…2+2 Should Still = 4

Too many countries, including our own, appear “to have made financial commitments that are significantly greater than their fiscal capacities.” I stress the word ‘appear’ because although anyone who has ever done a budget understands that when expenditures exceed income debt results, no one knows – at least from the perspective of the well being of the planet and of the species that reside here – whether debt and what amount of it is a good or bad thing. As we examine the issues we need to consciously decide what kind of nation we want America to be so that we can then decide how to make this re-envisioned nation a reality. Continue reading

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Keynes vs. Friedman – The Economic Wrestling Match That Will Determine Our Future

First in a series looking at whether the economic theories of Keynes or Friedman, or perhaps even a new third course, will provide the solutions which will help our country and the world community as a whole to find its way out of the current world economic crisis. Whether we will languish in a period of slow to no growth or even worse, experience a period of deepening economic downturn as a result of these choices is clearly a very important topic, one that should not be avoided because our academics and politicians seem inclined to present it in language that is unnecessarily complex and even confusing. Our aim is to start a conversation by which we can clarify the arguments and the consequences from which we all must chose. Continue reading

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