Friday, August 29, 2008
Friday, August 22, 2008
The internet and the collective sanity of the Stevenson household was restored yesterday at approximately 3:45 pm.
Posted by Denise at 12:20 PM
Monday, August 04, 2008
The heart of the economic mess
I think our blog readers will appreciate this article (it was on Reddit earlier today). The author makes some interesting points about the causes behind our economy's slump, as well as proposing an approach that would help solve the mess.
His hypothesis that, since wages have not kept up with cost of living, Americans have adopted 'coping mechanisms' since the 70s: both parents work, then work more hours, then borrow money. Now, we're at a point where "there's not enough purchasing power in the economy to buy all the goods and services it's producing."