The Podium
 

 
Some critical theory, some public discourse, and some general nerdiness.
 
 
   
 
Tuesday, June 21, 2005
 
The current economic situation is explained as a rising budget deficit offset by an increasing monetary supply and the selling of bonds to foreign nations. The increase in money without an increase in economic activity creates inflation, and the nations that are buying bonds are using money that U.S. consumers spent on foreign goods. This is overall a precarious place for the United States.

 

 
Public Uproar
   
  This page is powered by Blogger, the easy way to update your web site.  

Home  |  Archives