Greenspan, International Investors Question The Dollar's Continued Viability
The New York Times is reporting today that Fed Chairman Alan Greenspan, along with his Japanese and European equivalents and various international investors, are questioning the continued viability of the U.S. Dollar. It seems that the fact that the nation has accumulated $2.6 trillion, 23% of our GNP, in debt to foreign investors is scaring some of them away. The European Union is concerned that the drop in the value of the dollar is leading to deflation of the Euro, which is apparently bad for the economy (I guess because it decreases the value of goods while increasing the value...
Continue reading "Greenspan, International Investors Question The Dollar's Continued Viability"
Education, Democracy, Moral Idealism, The Church, and Academia
There are lots of current events I could be blogging about right now (I still haven't commented on the election results, and two news items totally made my day today: John Ashcroft is retiring and Yasser Arafat is dying. Also, Dr. Faustus opened this evening). However, none, of them is particularly inspiring at the moment. Instead of venturing into the wacky world of real politics and the present (which I have done too much of the last few months leading up to the election), I've decided to venture backward in time some 2,500 years, and comment on Plato's Republic, its...
Continue reading "Education, Democracy, Moral Idealism, The Church, and Academia"