Monthly Archive: February 2009

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Spending a trillion dollars used to take time.

I hate talking numbers. If you’re not careful, talking numbers in a forum such as this can become a crashing bore. But the times dictate a conversation on numbers and I’m going to do my best to keep everyone engaged. Let’s talk money. We’re going to play a little time and money game. Imagine that you are spending money at the rate of one dollar a minute. But instead of moving forward in time with...

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Sometimes nothing is the right thing to do.

The U.S. economy has entered a stall. Some would say it has entered a spin. But just like a Cessna 152, the U.S. economy is designed to fly. The best thing our policymakers can do is let it.