Avarice and greed are often used as interchangeable synonyms, with greed having the higher frequency of use and avarice appearing only rarely. However, if you look at the finer distinctions in their connotations and their etymology, you will find...
Volcanic refers to a turbulent event. Volcanic Iceland's turbulence of 2008 dissipated in about 3 years. With the extent of its depression, the resolution of its financial problems is nothing short of remarkable. By 2011, gross domestic product was rising at 2%. Debt sank and salaries rose.
The idea that the U.S. government is in debt is a widespread misconception. The "national debt" is not a measure of debt, but rather a measure of saved dollars held by the private sector. This article attempts to explain the mechanics of money creation, as well as distinguish dollars from...
The unfunded liability of Social Security is a hot topic for all political debate. Yes, it's a problem. But do they tell you how it got that way?
A history of the United States National Debt, from 1788 to 2009, in text and pictures. Ponder the true foundations of this $12 trillion and growing debt, the changes in policy and values along the way, the personalities involved and those major events that precipitated such cost.
Every efficient monetary system needs to ensure the creation, transfer, and supply of money is monitored and controlled. The United States has the Federal Reserve as a gatekeeper of money
The debate as to whether Conservative or Progressive economic theory was better for the country. The best way to measure that, I think, is to look at the history of Panics, Recessions, and Depressions in America since its foundings and compare that with which economic theory was in place at the...
Personal debt can teach us some things about national debt. What we experience personally as a result of owing too much money, is also true of our nation as it continuously digs deeper into debt.
Many potentially disastrous issues face the United States. This article suggest a list of five so-called economic tsunamis that could ruin the economy of the U.S.
How to get America out of debt - This is a list containing my top ten ideas and some recent additions.