The size of the U.S. national debt is getting a lot of attention lately, and for good reason. Deficit spending through the COVID pandemic was enormous, pushing the total outstanding debt to a staggering $31 Trillion, with a T. A better way to measure the size of the debt is as a percentage of our…
Economics
Game of Chicken
The debt ceiling debate is about to take over the news cycle. House Republicans are dug in and demanding spending cuts in exchange for raising the debt limit. President Biden is adamant that the debate about spending cannot be tied to a debt ceiling increase. And Treasury Secretary Janet Yellen has warned that the country…
What is Sustainable?
I’ve been thinking about sustainability a lot in recent years. If capitalism relies on MORE – more production, more consumption, more people – to succeed and grow the pie, then is capitalism at odds with sustainability? And since the planet is required for our survival as a species, does that mean we must abandon capitalism?…
The Carrot and the Stick
In college, I took a course called the Economics of the Environment. I wanted to avoid the mathematical grind of econometrics, and I needed an economics elective to complete my finance degree. The class has been invaluable to me, not because I figured out how to solve climate change, but because I learned about incentives….
The Greatest Story Ever Told
What is money? I found myself asking this question watching my husband check the price of his Dogecoin over the weekend. His phone became a 24-hour casino game, complete with red or green flashing lights and 20%+ moves each day. Across the country, millions of young-ish men were playing the same video game, trying to…
Macro Thinking
There is a lot of buzz going around about the size of the latest Covid relief bill and the national debt. $1.9 Trillion is a lot of money. Democrats call it the minimum amount of support needed to help individuals struggling through the pandemic, while Republicans call it a “liberal wish list” of pork barrel…
No One But You
Here is one of my favorite pieces of career advice; “No one is going to look out for you but you.” Women whisper this to other women working longer hours than their male colleagues for less pay. Young professionals rumble about politics of the old guard keeping them from the next promotion. Whatever the reason…