economy
podcasts from this week can help you understand the US debt problem
As the US debt ceiling was quickly raised to $12.4 billion to prevent Federal government shutdown, the only inevitable response will be an even larger increase early next year. The United States balance sheet is looking like a weaker and weaker attempt at recovery. Some might even make the argument that the US is insolvent, [...]
subtracting 85% from your life over the next decade
Imagine slashing the your income across the board by 85%. That’s the comparison John Michale Greer draws to the coming age of energy scarcity in his latest post,
few are classified as unemployed
Absolutely brilliant…
the true cost of the US presence in Iraq and Afghanistan
An amazing video from GOOD on the true cost of the US presence in Iraq and Afghanistan alone. It is no longer an argument about whether we should be there or not, it is an argument about whether we can afford it or not. Especially since 20,000 Americans a day are applying for food stamps. [...]
China’s growth comes under question
Much like the rest of the world economy right now, China’s economy growth is propped up by a massive stimulus. The drive for incessant GDP growth has led to the development of a city where no one lives developed by the coal millionaires,
an alternate monetary operating system
Douglas Rushkoff isn’t always making the most economically popular arguments but I think he’s on to something when talking about currency. Thinking that the current incarnation of the monetary economy is the only system for money isn’t only dangerous, it is incredibly ignorant. As the energy supporting overinflated fiat currencies like the US dollar becomes [...]
is college worth the time?
Economist Bryan Caplan seems to think it isn’t,
United States is world’s worst for economic inequality
A recently released OECD 2008 reports concludes that the United States is the 3rd worst major nation for income inequality and the world’s worst nation for wealth inequality.
why I don’t want to live in the United States for a while
Moving to Canada has been a spectacular opportunity for many reasons but its part of the plan to get out of the United States for the next decade.
the market will find substitutions for oil right?
This is the argument made by economists to dispute the concept of peak oil: as the easily and inexpensively extracted oil in the ground is burned, the market will provide technological solutions for alternatives to cheap oil.
