THE COST OF A BIG MAC

NCPA Daily Policy Digest ^ | 8/15/06 | Alexander G. Higgins

[Sender]

Thanks for your interesting reply. I don't know enough about economics to grasp the big picture, about how the Fed Reserve works, how money is produced etc. It is all very murky and mysterious to me when I hear people talking about the M1 money supply and buying up debt.

From what little I do know, I worry about the massive debt, not only for our country but for the individual person and family unit. We all owe so much and have saved so little. It seems as if our economy is a house of cards, even if it is a healthy house of cards, but it wouldn't take too many cards going down to cause a Very Bad Thing.

It seems that although the Islamofascists dream of wrecking our economy, just about everyone else in the world wants desperately to keep it afloat, as when we go down, most everyone else will take a huge hit. Indeed there are interesting times ahead.