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87The real reason that the US economy is so bad
Recently there has been a lot of discussion over all of the major news networks about a possible default on the debt if the debt ceiling is not raised. But the real reason that the US economy is in such bad shape is never really revealed to the...
6 comments
83Combating Deflation - Option I The Keynesian Prescription
August 30, 2010 In a previous Hub, Deflation - What is It and Why are We Worried About It?, I described what inflation was and why it was a problem. In this Hub I will describe the first of the two main...
6 comments
96The Pros and Cons of the Bush Tax Cuts. Do they really favor the wealthy or is that a myth? What will help the...
Those who favor the continuation of the Bush tax cuts argue that these cuts are needed to encourage investment which, in turn, will result in a stronger economy and more job creation. As I pointed out in my Hub entitled How Tax Cuts Work, this is...
27 comments
89Show Me Yours, And I'll Show You Mine
You heard me correctly. That's right. I want to see what you've got. Mr. Geithner, Mr. Kerry, and Mr. Rangel. If you show me yours, I'll gladly show you mine. The money, that is, of course. More specifically,...
96 comments
74The Stimulus Can Giveth and the Budget Cut Can Taketh Away [48]
Virtually all economists agree, Government stimulus', when properly used, do work. Virtually all economists also agree, ill-timed budget cuts can drive the economy into recession. This hub looks into both phenomenon.
2 comments
89How Tax Cuts Work
According to October 11, 2006 news reports, the Federal deficit (the amount by which government spending exceeds tax and other government revenues) has shrunk to its lowest amount in four years. In addition to being good news, it also showed that...
44 comments
81The Dinner Party or The Income Tax
The Dinner Lesson With the income filing date fast approching I though it would be interesting to relate this story. This is a story that I heard on the radio about 10 men who had dinner and paid for it in the same manner as you would pay your...
7 comments
76Will Barack Obama Make the US Socialist?
Will Barack Obama make the US socialist? Let me peer into my crystal ball. Oh yeah, it is in the shop. Well, without my crystal ball, I can only comment on what Barack Obama has said. It is true that during...
2 comments
68In Answer to Opinion Duck about TARP and the Stimulus, the Debt, and the Deficit (updated 3-5-2011) [47]
Because the ecomomy is down, and the Conservatives don't think the Obama way of dealing with the Bush mess is the right way to do things, they are stopping the economy in its tracks by not letting anything happen at all. I take a detailed look onto why Obama's plans will work, in answer to some reader comments.
14 comments
80Recessions, the Great Depression, and Now (Why We Should All Be Optomistic)
At the height of the Great Depression unemployment was at a rate of 25% accross the country. Wages for those with jobs were cut by 43%. This situation lasted for 10 years. FDR tried to improve the situation...
4 comments
