Tag: America

  • REVISITED: ANALOGIES, ECONOMICS AND THE AMERICAN DEBT “CRISIS”

    I originally wrote a post attacking the household analogy for American debt on July 30, 2011. It remains one of the most frequently visited posts on the site. Yesterday Chris posted a lengthy (and sometimes angry) response. I wanted to reply to his points seriously and at length but it was uncomfortable doing that in […]

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  • ANALOGIES, ECONOMICS AND THE AMERICAN DEBT “CRISIS”

    Perhaps the strangest and most depressing thing about the situation unfolding at the top of American politics this month has been how little of it has anything to do with the actual economic situation facing America. As I started writing this piece there was a senior Republican congressman on my television explaining how the Boehner […]

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