Category Archives: Economic

It’s a Wonderful Loaf

Our national debt – in comparison to annual revenues and deficits

Price Changes of Selected Goods / Services: 1996 – 2016

Economics: How Big is the U.S. Debt?

US National Debt shown at a personal level

What Would a Real War on Poverty Look Like?

This article by Robert Tracinski is spot on. His 6 steps up out of poverty are:
1) Work
2) Education
3) Marriage
4) Saving
5) Homeownership
6) Entrepreneurship

Here is his article with further explanation: Link

Thank Labor Force Dropouts, Not New Jobs, For A Falling Unemployment Rate

Link to article

Understanding the Debt Problem – A Brief Summary

How The Economic Machine Works by Ray Dalio

Well done video by Ray Dalio of Bridgewater Associates

Danes Rethink a Welfare State Ample to a Fault – NY Times

Having lived in Denmark – this brings back some memories even though it was 30+ years ago. I remember one landlord we had. He was a chef and a diabetic. He would work for a couple of months and then quit so he could collect unemployment which was about 90% of what he was making when he was working. Then he would spend the next 1-2 years drinking at his local bar. There was no incentive for him to be productive or to better himself. The danish welfare state nurtured him into a state of dependency and idleness. Very sad.

http://www.nytimes.com/2013/04/21/world/europe/danes-rethink-a-welfare-state-ample-to-a-fault.html

 

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