by Warren Mosler Hardly an hour goes by without some pundit pushing the possibility of some kind of run away inflation, with Zimbabwe and Weimar rolling off the tongues of ordinary Americans everywhere. And Congressman and candidates of all persuasions… more »

With the economy as screwed up as it is, and President Obama and Congress seemingly incapable of fashioning constructive efforts to minimize pain to U.S. citizens, it’s downright cheering to see some young people out in the streets, raising a little hell… more »

In the same way that "bailing out Greece" really means giving money to the German and French bankers who hold otherwise defaulting Greek debt, "escalating health care expenditure" really means giving money to the medical/insurance industrial complex whose customers cannot afford the price of their services. more »

The US government debt is defined as Treasury securities outstanding. At $14.5 trillion, the debt just over 100% of the projected 2011 US GDP. Of course, there is more, e.g. the debt of various Federal government agencies that is not guaranteed by the Treasury. But here, I want to concentrate on another Federal debt – that of the US central bank. The Federal Reserve’s liabilities are now $2.8 trillion. more »

Ten "Problem Areas" indicate there is far more risk than generally acknowledged both in the markets and economic situation. more »