Posts

lessons for us from the Soviet Union collapse

http://madconomist.com/what-if-us-collapses-soviet-collapse-lessons-every-american-needs-to-know

200 tools for surviving an economic crisis

http://mashable.com/2008/10/16/economic-crisis/

McCain and the Keating 5

http://www.keatingeconomics.com/ Check it out. Say... I thought the $700 billion was supposed to stop the slide on Wall Street? It's gone down 800 points today... can we get our $700 billion back?

Peter Schiff, a name to watch for

http://www.youtube.com/watch?v=LfascZSTU4o Peter Schiff predicted the economic collapse that just happened, in 2006. He's a guy who appears to understand what's going on and can explain it simply. He's predicting more gloom ahead, unfortunately. Do a search for him on youtube.com

So how does this work...

I'm puzzling over how the Republicans work this out. If you cut taxes, it will actually raise the revenue of the federal government. That's the theory. So I can see that if you cut taxes, that means more money in the pockets of people, and thus more spending might go on. That would mean more sales tax income for the government. Right? But see, if the government gets more income later, then that means it got more in taxes, right? So it's a circular argument; cutting taxes means more sales, which means more tax income. Am I missing something?

great summary article on how the economy is right now

http://www.usatoday.com/money/economy/2008-03-04-local-differences_N.htm and here's a scary CNN video about our soon-to-be depression: http://www.spikedhumor.com/articles/144747/US-Depression-Coming.html Why Greenspan, Congress, the President, economists and others blissfully drove us here, I'll never understand. Since we're in deb a gajillion dollars instead of having a surplus to fall back on, we're screwed.

cellulosic ethanol plant up and running!

http://www.rapidcityjournal.com/articles/2008/01/29/news/top/doc479f33ff2dd14661593082.txt And in my beloved Black Hills! Ethanol is made from waste wood rather than corn. A much better idea, since corn is a FOOD and wood waste is, well, waste.