Jubilee Year

Sleepwalking to Economic Oblivion

Deleveraging can be slow and painful, or we can deleverage all at once: Jubilee. My suggestion is to start with a mortgage Jubilee, if you prefer to do things piecemeal. Until the cancer of debt is excised from our system, we will continue to decline in health.

U.S. Records Huge Trade Deficit

The trade imbalance is not a product of the free market, it is a product of foreign government policy, hoarding dollars to keep their currency low, to their own economic advantage. Why should we cooperate with their predatory policy? Decreasing US wages in the face of foreign attacks on our economy is hardly a legitimate public policy.

Thank you, Mr. Morici, for spelling out the negative consequences of the corrent global economic system, which are uniformly glossed over by the powers-that-be who are currently establishing trade policy.

Obama's Public Spending Program: A Very Expensive Farce

Great article. Most people think we are getting something for nothing in the stimulus, like presents from Santa. In fact, it will distrupt the labor and finance markets and subsidize unproductive industries, making us all poorer, as good money is forced to chase bad. Not to mention the extra debt.

Is the U.S. Solvent?

Sorry, alajac, the US government could not conquer everything. Your premises are flawed.