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Something to Think About

26 Aug

Marko mentions this year’s budget deficit and helps us conceptualize how much money is being over spent. I add that they more they spend, the lower the value, making them spend more because it’s worth less. Wait, isn’t that called inflation?

I’m not old enough to have lived through it, but my parents tell me that this is looking like the Carter administration all over again. Maybe that is why the Democrats wanted to mobilize the youth vote – all that we learned in our high school American history classes was that the American Revolution was a failure because the Founders didn’t guarantee civil liberties as we understand them today, and that FDR was the greatest President to have graced us with his rule.

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Posted by on August 26, 2009 in Money

 

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