With the National Health Care bill before congress the cost of health care has been on everyone’s minds lately. Despite outspending other nations by orders of magnitude our level of national health is nowhere near as stellar. First our spending: Current estimates put U.S. health care spending at approximately 15.2% of GDP, second only to [...]
Thought the TARP, TALF, AIG and Automaker bailouts were egregious misallocations of money we don’t have? Try this one on for size. The amount of undisclosed non-public off balance sheet deficit expansion under the Fed since the Credit Crisis dwarfs what we have heard about to the tune of eight trillion dollars. All the above [...]
Despite government assurances the economy continues to falter with further problems for which we have yet to feel the effects. Though the market has rallied substantively off the March lows, most believe it to be a sucker’s rally and I have been using the opportunity to raise cash. I don’t buy the “green shoots” argument [...]
The academic establishment has a quandary on their hands. If the feminist movement so greatly empowered women, why aren’t they happy? Are women never satisfied (possibly)? Could it be that this grand social experiment of feminism was a big lie? If the women of today have improved their lot, why are they so miserable? They [...]
As the financial crisis continues placing a drag on our economy and the dollar, I’ve often wondered why we aren’t seeing more indictments of those at the helm of these corporations that have so threatened our way of life. The scope of this fiasco makes the S&L crisis look like chump change. Have we come [...]
The latest episode of Frontline: Ten Trillion and Counting aired last night and can be watched here. It highlights the stratospheric ballooning of our national deficit over the past decade, which has now reached a crescendo in the orgy of bailout funding in which Wall Street is currently awash.
In delineating the Alpha Male philosophy, I have emphasized competence as one of the critical qualities a man must possess to qualify as an Alpha Male. This manifests not only in attracting women and a successful career, but also as an expression of ingenuity and ability in such things as using tools, maintaining one’s possessions [...]
What happens when the US economy implodes? We have come dangerously close to finding out. The lack of clear leadership the subsequent fumbling for answers and tools to diffuse the danger showed we were entering uncharted territory. The stock market collapsed. Credit markets dried up and our economy based on cheap easy credit, froze as [...]
We are all familiar with the debates surrounding the massive bailouts of the banking system and automakers. Now Obama has proposed an additional trillion dollar stimulus package to attempt to resuscitate our ailing economy. I agree that stimulus is required, though I am daunted by the sum. The ongoing debate between the parties frames the [...]
This is the introduction to a wonderful program, “The Ascent of Money” by Niall Ferguson on the history of credit and fiat currency, and the progression of events that led to our current economic crisis, triggered by the collapse of the sub-prime market. The full program is available on PBS.com and is a full two [...]
