Why the Congress Needs to Raise the Debt Ceiling Again

A week ago, Treasury Secretary Steven Mnuchin sent a letter to Speaker of the House Paul Ryan. The letter said we will have maxed out our borrowing at midnight tonight. Having reached its “statutory limit,” the outstanding debt of the U.S.…

Election Economics: Obama’s Keynesian Message

Comparing Obama/Biden and Romney/Ryan economics, people name John Maynard Keynes and Friedrich von Hayek. Having looked at Hayek several weeks ago, let’s turn to Keynes now. During 1934, with unemployment high and production low, British economist John Maynard Keynes was…

Election Economics: Aging Challenges

If you lined up everyone in the United States by age, the middle person would be close to 37.1 years old. In 1850, the median age was 19, for 2000 close to 35 and by 2050, we expect that middle…

Election Economics: Meeting Paul Ryan’s Economic Muse

People tend to ask, “Who??” when Friedrich von Hayek is named as Paul Ryan’s economic muse. Our purpose right now is to get to know some Hayek basics to see what Ryan brings to the Romney/Ryan candidacy. Austrian born, a…