Arts and Econ Links of Interest

To illustrate just how big this unresolved debt threat has become, Lanchester (along with others) estimated that the total cost of the financial system bailout in the United States is bigger, in inflation-adjusted terms, than the combined cost of the Louisiana Purchase (in 1803, by President Thomas Jefferson), the New Deal (the 1930s), the Marshall Plan (1948-52), the Korean War (1950-53), the Vietnam War (1961-75), the savings and loan crisis (the 1980s), the invasion of Iraq (2003) and the entire NASA program, including the moon landings.

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