Call Me Stormy

Finding righteous currents in turbulent times

Our Coming Economic Collapse

Runaway entitlement programs ensure that a Greek-style economic collapse awaits in our future. It can’t be averted, even if federal taxes are increased to 35 percent of the Gross Domestic Product, up from a current 20 percent of the GDP. Jeffrey Rogers Hummel, a professor of economics at San Jose State University, examines the dynamics propelling us toward the collapse in an interview with Reason‘s Nick Gillespie. “In the short run it’s going to be painful,” says Hummel, “but in the long run, it’ll be a good thing.”

Single Post Navigation

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Follow

Get every new post delivered to your Inbox.

Join 310 other followers

%d bloggers like this: