Government Spending

This is what happens when you have an inoperable Congress: inexplicably bad tax policy and an inadequate Federal Reserve. Other than that, things are going great! First, let’s review the events of this week since, hopefully, people will still read these rants at other dates. Today (Friday) is Saint Patrick's Day and so far this week the Treasury Department has bailed out two banks and the industry has bailed out…

And now we’re going to hear about the "Debt Ceiling" for months…  Let’s get two things straight from the beginning of this conversation: A): we spend too much money on the wrong things in our country, and B): the Debt Ceiling is a made-for-TV fantasy that was passed into law to make old-school, Gold-Standard luddites feel better. It’s all a made-up crisis.  For the sake of history, let’s review. The…