Fed, Treasury Ready to Boost Credit Card Debt-Fueled Consumer Spending
November 25, 2008 by Miranda Marquit
Filed under Finance
Almost two weeks ago, I posted a news package from NPR in which I was heard talking about fixing the economy. One of the major points of the interview — although it didn’t make a significant appearance in the news package — was that as long as we have an economy that is based on continued consumerism fueled by debt (mostly credit card debt), we will have a relatively unstable economy in which explosive growth is expected, but unsustainable, over the long run.
Indeed, everything our leaders have been doing, in the name of fixing the economy, has been aimed at …read more
Fixing the Economy: “Ordinary” Folks Weigh In
November 12, 2008 by Miranda Marquit
Filed under Finance
A couple of weeks ago, I was contacted by Market Place from American Public Media. A reporter had seen some of the posts on this blog about the economy (you can read some of them here, here, here and here), and wanted to interview me. I went in for a 15 minute interview at my local NPR radio station and — not surprising to me since I’ve actually worked in radio — I ended up with a couple of small sound bites at the end of a news package focused on “ordinary” people offering ideas for fixing the economy.
But it …read more




