Saturday, August 27, 2005

Debt and Savings

Here's an excellent article that discusses the problems we face in the US regarding savings and debt.

Update: After further reading there's one part that bothers me:

...Bernanke touches on another area that scares economists — America's inexhaustible desire for foreign goods.

I doubt that economists are that afraid of trade and the parts after that passage tend to be a bit alarmist.