Friday, April 1, 2016

Debt: national, personal, and spiritual

Debt is such a relevant subject. There's a temporal and a spiritual component to it. And since it's our children who are saddled with most of the burden of the national debt, it seems only fair to teach them about it!

Here's a good video about the debt limit.

And this is a good one on the national debt and the deficit.

This video introduces the Laffer Curve and how lower taxes leads to higher revenue.

Related: social security.

Very interesting question: is consumption actually good for the economy?

I love this video about the broken window fallacy.

(I posted this on the Inflation post too.) It seems like everyone asks this question at some point or other: "why can't we just print more money?" And it's surprisingly hard (for me) to explain! This video does it pretty well.

On the more spiritual side, there's this good article on getting out of debt and its spiritual implications

Here is President Hinckley's great talk about putting our houses in order. I think everyone should read this before getting married!

I also love Joseph B. Wirthlin's talk about earthly and heavenly debts.

And here's another good video illustrating the great debt we owe to Jesus Christ.

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