by Steven Waechter
To the baby boom generation, a college degree was almost a mystical amulet, and just possessing it meant that your life would be improved in mystical ways. Thus, a college degree was something to be quested for, like a hero from Greek or Norse mythology....
by Steven Waechter
“Double Dip.†By now you have probably seen this term somewhere. It appears that the economic recovery is stalling in what is supposedly its second year, and now the economy is poised for the dreaded “Double Dip.†It is a lie. There was no recovery in the...
by Steven Waechter
Much attention has been focused on the size of the national debt as a whole; roughly $14.4 trillion. That number is astonishing, but the sheer size of the debt actually hides the true horror which is in store for the economy and future generations. The debt has many...
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The Des Moines Register’s Editorial on Monday, June 27, 2011 was titled “Steep budget cuts now could harm economyâ€. Summary – The Register’s Editorial group pointed us once again to the “nonpartisan fiscal agencyâ€, the Congressional Budget Office...
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It is now official. The semester is over, and the grades have been posted. Not only has the Obama Administration flunked ECON 101; they have now also summarily flunked FUD 101. The Wall Street Journal, in an editorial entitled ‘Bumps in the Road,†quoted the chief...
by Steven Waechter
Around the corner from my former apartment in Newton was a house that was taken in foreclosure. The “For Sale†sign had been there for a very long time, the lawn wasn’t mowed regularly and the shrubs had died in the winter but hadn’t been removed. Walk around...