The economic outlook over the last year or more has grown increasingly bleak; unemployment has risen above ten percent nationwide, millions of home mortgages are in or near foreclosure, personal debt is at an all time high, and businesses large and small are closing their doors.
Not being an economist, this author has attempted to listen to many within the financial sector and intelligentia for learned solutions to our fiscal woes. One comes away from such exercises more confused than before, not because of the information and opinions being espoused but because said information and opinions are often diametrically opposed to one another. One sage's weal is another's woe, and the monetary wheel in the sky keeps on turning...
One recent evening, the Senate Finance Committee debated the issues with United States Treasury Secretary Timothy Geithner. As this viewer listened, his mind wandered, to the twin pillars of the certainty of historical lessons and the solace of eternal truth. In looking backward, even to the eternal past, one can more vividly see the landscape of the present and the horizon of the eternal future.