The State We’re In
Deficits aren’t necessarily the end of the world but they’re not your best chum either. This chart, pinched from Burning Our Money, is a handy reminder of where we are and the pickle we’re in. Worse than Spain! Worse than the United States! Worse than Iceland! Worse than Ireland! Gordon Brown FTW. Sure, in the long run we’re all dead. But we don’t have to be dead quite so soon, do we? As always, the Nordics fare very well in this sort of caper. But look too at our friends in New Zealand – a model of how a non-Nordic, English-speaking country can still do pretty well for itself. Yet