Earn What You Spend

I’ve written before about the paradox of thrift we now face; we desperately need to reign in our debt-fueled consumption.  Not because there is something bad about consumption, but rather because we have been spending money we don’t have.  That is, plain and simple, unsustainable.  I noted a couple of months ago: 
Our financial system is [...]

The impetus for me to write about finance was simple -our society has a clear lack of basic financial literacy.  I want to do something to address this, and the first step in doing so is for me to flesh out my philosophy and understanding of the situation by blogging.  Then, I believe, I will [...]

While there is some debate on the effectiveness of Obama’s stimulus plan - what is certain is that it will greatly add to our national debt. 
In a situation like ours, this is fine in the short run - Keynes famously advocated running a deficit to prop up spending and spur growth, and our failure to [...]

In the newest issue of The Atlantic, Virginia Postrel writes an interesting article, The Case For Debt. I was surprised the author could miss the sea of red flags about too much debt at the consumer, corporate, and national level.  But miss it she did, and in fact she tries her best to make the ‘case’ for [...]

The national debt clock has run out of digits.  It’s an amazing (though unsurprising) turn of events - our debt as a nation has increased so much that the clock, put in place in 1989, can’t display the enormous number.

We certainly haven’t earned what we’ve spent.