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China Has a Bad Debt Problem

China has lent billions to poor countries, and now they can’t pay it back.  Perhaps China should have heeded J. Paul Getty’s observation, “If you owe the bank $100 that’s your problem, if you owe the bank $100 million, that’s the bank’s problem.” China’s global lending spree, which, over the last two decades, showered less […]

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The Victor

Bob Bilkie, my husband and co-conspirator in both my home and work life, wrote a blog in late March regarding my mom’s health and her fighting spirit.  As a recap, my mom was admitted to St. Joseph Mercy hospital in Ann Arbor in early February.  She fought her way through five abdominal surgeries and a […]

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Is America One Country?

Yes, but it is also a country comprising 50 states.  States’ rights is a complicated issue, but sufficed to say, state Governors have considerable powers, specifically enumerated in the U.S. Constitution, and do not have to always march in lock step to edicts from Washington.  This may prove to be a good thing in assessing […]

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Social Isolation

Much is being written on the potential psychological effects of social isolation.  This is not the place for an extensive review of all of the possible impacts of a lack of normal social interaction.  However, it is important to recognize that we have evolved to be social creatures.  For all of history, people have been […]

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Universal Basic Income: Is the Vatican On Board?

We have previously discussed proposals by economists and political scientists that would substitute universal basic income (UBI) policies as credible alternatives to existing social programs such as unemployment insurance. (See blogs titled Universal Basic Income, Universal Basic Income Revisited, Universal Basic Income – A Setback?, Universal Basic Income: Now India? and Universal Basic Income for America?). […]

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Does U.S. Government Debt Carry the Risk of Default?

No!  Yes, the U.S. Treasury is in the process of borrowing $3 trillion to pay for the coronavirus response.  It is not surprising that this unprecedented increase in the national debt has given rise to the issue of default.  But the short and simple answer is, no, because the government can print money.  If you borrow […]

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