Tag Archive
Debt
depression
economics
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government
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Gross Domestic Incompetence
Gross Domestic Incompetence James the Wanderer August 20, 2012 The economists speak of something called the Gross Domestic Product, a quantity intended to determine how much a nation produces, across all products and industries. The formula found in Wikipedia says GDP = private consumption + gross investment + government spending + (exports − imports) It [...]
Debt as an Operating System
Author James the Wanderer My parents and grandparents went through the Great American Depression of the 1920s- 1930s. My parents were then children, and suffered somewhat; of course, when there was food at all the kids got their needs met first. And my grandparents became quite resourceful in staying fed / clothed / sheltered; on [...]