Doing a little work around the house to keep the wife happy. Went to the hardware store to get some screws. Came to $4 and change. I reached for my credit card, then noticed the $5 bill in my wallet. Handed the five to the guy at the register and said "Real money".
"Don't see much of that around here," he said. Even when he tallies up at the end of the day, he said, it's mostly credit card receipts, hardly any cash money. "There's a huge amount of debt in this country," he said.
As I left, the next guy in line stepped up to the counter. "23 trillion dollars," he said, "but who's counting."
Yeah, okay, but $23 trillion is just the Federal debt. Debt other than Federal is $23 trillion plus $23 trillion, plus half another $23 trillion. And nobody's counting but the creditors.
Subscribe to:
Post Comments (Atom)
-
I'm not a fan of "diagrams" in economics, but sometimes... This is a screen capture of slide 36 from a SlideShare presentatio... -
JW Mason : "... in retrospect it is clear that we should have been talking about big new public spending programs to boost demand.&quo... -
Bosch season five air date: 18 April. Ten episodes. Four days later, six of the transcripts were already available. A few days later, the ... -
First, this summary of an observation made in 1850, from the Liberty Fund : Frédéric Bastiat, while pondering the nature of war, concluded ... -
In the Google News this morning, "The Fed may have saved the economy by hiking rates for 18 months—and may have guaranteed crisis for...
No comments:
Post a Comment