Ronald M. Laszewski’s peak debt paper

Ron has kindly let me host his fascinating peak debt paper on my site.

I take a quick look at the paper in my Wise Bread post on Peak Debt:

Is there a limit to how much Americans can spend?  Clearly there is:  All they earn, minus savings and service on their existing debt, plus new borrowing.  Since the Bureau of Economic Analysis puts numbers on those very items, it’s possible to see just how close we are to the edge.  In a fascinating paper, Ron Laszewski does exactly that.  The results are rather depressing.

Whether you read my Wise Bread piece or not, if you can follow the math, I urge you to read Ron’s paper itself: peak-debt-pd-020708.

Photography

Since I started writing for Wise Bread (because each post I do there needs a picture), I’ve taken a greater interest in my own photography, and in the creative commons.

I’m taking my own photography more seriously, simply because it matters more. More people see my pictures—and a really good picture can bring traffic to a post.

I’m taking the creative commons more seriously, because it’s provided me with a number of cool pictures for posts where I didn’t have a picture of my own to use.

Welcome!

The posts after this are mostly old news—a side-effect of using a blogging tool as a site-management tool.  I think it’ll be fine going forward, but getting the site set up entailed creating a flurry of posts to get all the old stuff into the right categories.

If I’d known what a distraction it would turn out to be, I’d probably have left the old site up for a while longer. I think there was only one day that I didn’t get anything done on the novel, but I there was nearly a week there when I was spending at least as much time on the website.

Still, it’s good to have a functional website again.