Tag Archives: debt

global debt crisis, fiat currency, trade deficits

By mitchell b powell | Published: 1900, 8th March, 2010
I write a lot on economic problems of debt.  And, because some of you might be tired of hearing me talk about it, here a link to someone else talking about it. And on the related subjects of trade deficits and their relationship to the soundness or unsoundness of money, Robert Murphy explains some facts [...]
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new estimates on budget deficit released

By mitchell b powell | Published: 1745, 7th March, 2010
(story) A bipartisan committee in Congress has released projections for the next ten years.  They estimate that over the upcoming decade, there will be a total of 9.8 trillion in deficits, bringing our debt up to 20.28 trillion.  For those who, like me, simply feel numbness at that figure, that’s almost 1 1/2 times the [...]
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