
Adviser Soapbox: Michael Milkenomics
GREAT BARRINGTON, Mass. — Perhaps people are just spooked by debt. Inspired by Warren Buffett’s memorable dismissal of spendthrift America as “Squanderville,” doomster pundits point portentously to the “twin towers” of debt: record trade deficits ($900 billion) and budget deficits (a projected $448 billion). The Squanderville chorus prophesies the same debt doom they predicted last year and the year before Read More ›