Category Archives: Recession

Opportunity Cost

Opportunity cost is the cost incurred (sacrifice) by choosing one option over the next best alternative (which may be equally desired). Thus, opportunity cost is the cost of pursuing one choice instead of another. Every action has an opportunity cost. … Continue reading

Posted in Bush, Character, Conservatism, Conservative Thought, Economic Issues, Foreign Policy, Hillary Clinton, McCain, Obama, Recession, The Economy, The Financial System, The Power of Narrative | Leave a comment

Notes on the Train Wreck

Everyone knows something is wrong – home prices dropping so that your equity in the place, which was your financial cushion, can no longer be used to pay for whatever it is you thought you really needed, as there is … Continue reading

Posted in Bush, Class Warfare, Economic Issues, Recession, Regulation, Sub-Prime Crisis, The Economy, The Financial System | Leave a comment