The Future of US Government Debt
Those defending the huge budget deficit incurred by the massive federal stimulus package often say, “These are extraordinary times. We can’t afford to worry about the national debt now. We’ll be in a...
View ArticleAnti-Terrorism Spending 50,000 Times More Than on Any Other Cause of Death
The US spends more than $500 million per victim on anti-terrorism efforts. However, cancer research spending is only $10,000 per victim. Evolutionary psychology may offer an explanation for this...
View ArticleUS Financial Crisis: Who Killed the Economy?
The cause of the US financial crisis is simple. It’s debt. This is a very simple and graphical evidence-based explanation of what caused the collapse. The massive increase in the level of consumer debt...
View ArticleFinancial Sector Costs Us More than Any Other Sector In Economy
The financial sector receives more of the average paycheck than any other sector of the economy. Its share of the economy totals $2 trillion dollars. From 1973 to 1985, the financial sector earned...
View ArticleGet Society Rich Quick: The Ideal Level of Government Spending
It is commonly claimed that government spending is good for the economy, but the statistics show the opposite. Most recent studies find a negative correlation between total government size and...
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