Wednesday, June 16, 2010
U.S. Debt Clock: Ignore It At Your Peril!
Do not be fooled when mainstream media outlets tell you that inflation is not yet a concern, or that there is nothing wrong with running deficits. These fallacies, along with the other errors of Keynesianism, mislead the majority of people and turn their attention far, far, far away from sound economics. Do not ignore the money being spent by the federal government. Ignoring this ever ascending number is perilous. Check it out at www.usdebtclock.org to keep tabs on your share of the debt! It will never be pretty to look at but it will serve as a constant reminder how far along we are on the road to ruin!
Move over QE2, QE3 is here! The markets are euphoric for now.
The second lecture in Tom Woods’s Mises Academy course on the New Deal revolved around Herbert Hoover. We are often taught to think of Hoo...
No, not that one..........THIS ONE!