Zeroes And Ones

One of my last classes at ********* College focused exclusively on US-China trade, currency, interest rates, inflation, deficits and debt. It’s a dense topic to teach in any meaningful way in under two hours, but the reaction of the class afterwards reassured me that what I was trying to get across had been absorbed: they were, to a person, horrified. The long and short of it, as you know, is this: the US economy is worth around $14 trillion. The budget deficit (the difference each year be Read more ...