We Can’t Afford This Country Any Longer
Many of us live in houses we can’t afford, drive cars that are unnecessarily huge and expensive, and run-up charges on our credit cards that were unimaginable to previous generations.…
Expect a 35% Decline in the Dollar
“The Vice Tightens on the Dollar” reads the headline warning there’s only one direction for the U.S. Dollar now— down, down, down! Stephen S. Roach is a faculty member at…
Dear Uncle Sam, About That Second Check
Dear Uncle Sam, Thanks for the $1,200 “Stimulus Check” you sent earlier this year. I didn’t need it, I can’t go shopping or eat out so maybe it was too…
You Can’t Borrow Your Way Out of Debt
Here are the facts of life— You can’t borrow your way out of debt. You can’t print paper money to pay your way out of debt. University students you need…
No One Cares About Debt
In August 2020, the public debt of the United States was around $26.73 Trillion U.S. dollars, over $4.7 Trillion more than a year earlier, when it was around $22.02 Trillion…
