ECONOMIC MYOPIA

We are mortgaging our children's future, no doubt about it. To learn more, click on "ECONOMIC MYOPIA" under PAGES on the right margin of the screen.

HOW BIG IS OUR PROBLEM? LOOK AND SEE, I DARE YOU.

The Federal budget--an enlightening (and frightening) perspective.

http://wimp.com/budgetcuts/

ABC NEWS REPORT ON "BUY AMERICAN" IS MISGUIDED

Most economists are of the opinion that free trade is good for everybody, and that it's good for jobs in America. There is nothing wrong with buying US-made products, but neither is there any wrong in buying foreign products. The reason so many of us buy foreign products is because we choose the product that offers the best quality-price value. The world economy is amazingly intertwined. We benefit from doing business with China (or whoever) just as they benefit from us. Moreover, there are social benefits with trade among countries--doing a lot of business with another nation is possibly the most beneficial way of promoting world peace, and it raises the living standards of poorer nations (NOT at the expense of our own standard of living). "Buy American" is a compelling social slogan, but it offers no benefit toward promoting the US economy or jobs.