Gordon C. Boronow
It wasn’t that long ago that a handy person could build their own home, repair their own car, grow and hunt their own food, and live life as a “rugged individualist”. No longer.
The collision of these two thoughts, “free stuff” from pandering politicians and the uncompensated but extremely valuable work of raising children into responsible adults, gave birth to the idea of “free income” for parents of children.
Over $17 trillion dollars’ worth of global debt is now “earning” an interest rate below 0%.
What was she thinking? American actress, film director and producer Rosanna Arquette posted an apology on Twitter for being born “white and privileged”. She added, “I feel so much shame.”
Free College! Guaranteed Basic Income! Medicare for All! Cancel Student Debt! These are the attention grabbers being used by various candidates for the Democratic nomination to run for the office of President of the United States.
Modern Monetary Theory, or MMT as it is known, is in the news a lot these days. Socialist Democrat politicians such as Bernie Sanders and Alexandria Ocasio-Cortez have embraced MMT. They use the theory as reason why they don’t need to bother with troublesome questions about how to pay for all the “free stuff” they are promising.
Has the stock market reached the high-water mark for the Trump era?
President Trump and the Republicans in Congress have just launched an experiment in public finance.
Which kind of ethics will make America great again?
Today, I think most people believe that for the government, if not for themselves personally, money really does grow on trees. Encouraged by the magic of Keynesian Economics, politicians have been allowed to spend $20 trillion more than they collected in taxes.