The Congretional Buget Office came out with a new report that seems a bit staggering. In a March 2009 publication they have a revealing chart (see below) depicting the federal deficit/surplus chart. By the way, the CBO’s charter is to simply provide timely economic and budgetary analysis to congress. Congress uses this data to help [...]
Category Archive for 'Finance'
My friend Oak Norton has a nice little writeup on Taxation and the Monetary Policy that I found to be a very worthwhile mental exercise. I’ll try to summarize it here for you. Scenario 1: Let’s assume that the tax rate is a flat 10%. One dollar ($1.00) is put into circulation and that one [...]
Government bailouts and Inflation
Posted in Finance on Nov 25th, 2008
No matter how you calculate the economic repercussions of the government bailouts. It will to some degree directly correlate to monetary inflation. I don’t believe this country fully understands how bad and destructive inflation is. I recently watched a ten episode documentary by Nobel Prize winner Milton Friedman in 1980 called “Free To Choose”. I [...]