Word: inflationitis
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Pity Mr. T. It would cost the former chain-studded, 1980s TV star $1,000,000 to get dressed today. Earlier this week, gold hit $1,009 an ounce, an 18-month high and only the third time it has made it into the quadruple digits. Adjusted for inflation, the...
It may be hard for many Americans to believe, but the United States' checkbook hasn't always been in the red. Aside from periods of war or economic turmoil, the federal budget was actually in surplus for most of the nation's first 200 years. The government incurred considerable debt...
Deficits aren't always bad: excess government spending can help alleviate the pain of an economic downturn by encouraging business and curbing unemployment (this is the theory behind the New Deal and Obama's stimulus package). But that doesn't mean that deficits are good, either. The U.S. covers the...
3 ROBERT MUGABE Zimbabwe 29 years Now part of a power-sharing government, he has driven his country's inflation rate up to about 89.7 sextillion percent
Grade Inflation: 1. The supposed across-the-board raising of grades to undeserved levels by Harvard professors. 2. The sworn enemy of Prof. Harvey “C-” Mansfield ’53. 3. Hard to find, like Bigfoot or the Loch Ness Monster.