DEAD AND BURIED: Total Household Debt Rises for 17th Straight Quarter
I wouldn’t normally consider the Federal Reserve Bank of New York a beacon of truth, but I’m having no trouble believing them when they tell us that our debt is on the rise once again. Specifically, they’ve announced that total U.S. household debt increased by $219...
Dumb it Down: Financial Illiteracy in America
I’ve taught at practically every level in the American school system: elementary school, high school, college, online courses… Public, private, charter, schools… You name it, I’ve probably taught it. And not once in my years of teaching did I see the...
Mystery Of Economic Growth
Dear Reader, In an article from Alasdair Macleod, he points out an interesting argument that many have pondered before. Why do state educated and paid-for economists get paid for something they are rarely right about? As an economics graduate and student of the field,...