Real Fact Bias

Last time we looked at inflation as a "tax' from the incomes perspective. We established that the devaluation of the dollar (i.e: ...

There is a chart making the rounds lately ,  that claims the dollar lost 96.2% of it value since 1900.  One of Ron Paul's fav talking p...

In an earlier post I covered why the US Federal government should never run a budget surplus, unless there is an offsetting trade surplus. ...

You hear this a lot these days from deficit hawks.  Our current government deficit spending, will result in a higher future tax burden.  So ...

Few day ago I posted on why US government debt is not debt?   I wanted to add a couple of things. At no point along the chain from your purc...

First of all, treasuries are not your debt. If you own US treasuries they are in your asset column. You get interest if you own treasuries, ...

The Federal government should never run a budget surplus, unless there is an offsetting trade surplus. And given that the US runs a large cu...