“Any way you slice the pie, Americans better come to grips with the fact their lifestyles are going to contract.” That’s the bottom line I’ve gleaned from attending several conferences and listening to some of the nation’s top economists recently. Basically, the US is...
In a previous column I explained why any currency-issuing country, like the US, will never default on its obligations or run out of money with which to purchase goods and services priced in its own currency. Sovereign nations that are currency issuers have no solvency...
Watch this video on YouTube The recent discussion of the “Buffett Rule” proposal to increase taxes on the wealthy has focused attention on U. S. tax rates. It’s giving Americans a chance to better understand our tax policy and the economics of the...
Watch this video on YouTube I am not sure if there is an “Occupy Windhoek” movement, but there should be. Windhoek is the financial capital of Namibia, which has a Gini Index rating of 70.7, giving it the largest gap in the world between its wealthiest 1%...
Watch this video on YouTube Jannie Wu wanted a better life. I met Jannie on a recent trip to China. After earning an undergraduate degree in English, she took a teaching job paying 1000 Renminbi, or RMB, ($150) per month. In China, obtaining a student loan is not an...
