Government debt is not like private debt. Government debt, government bonds, are really just another form of the government-issued fiat money obligations - just like paper money. There really is little difference between government bonds and that paper money in your pocket - except that the bonds pay interest and are harder to cash at … Continue reading Government Bonds are Just Like Government Money
Another in the series. See part 1 here. If the politician or reporter says something about "our grand children having to payoff the national debt", it's totally bogus. The speaker is either ignorant, foolish or has a hidden agenda they want you to accept. Sometimes they use phases like "saddle our grandchildren with debt" … Continue reading How to Tell If the Politician or Reporter Is Ignorant, Foolish, or Has a Hidden Agenda – Part 2
I don't enjoy scary movies. Never have. I also don't enjoy scary "amusement" park rides.* I know I'm kind of a fluke in our U.S. culture this way. I just find that there's enough excitement, thrills, and fright in the real world if you just open your eyes. An example of real world things to … Continue reading This Is No Movie Folks. It’s Real and It’s Scary.