Starvin Larry

James Grant is what every blogger, including SLL, aspires to. His analyses are so apt and his writing so stylish, easy to read, and often downright fun that he’s able to charge more than $1000 a year for a subscription to his biweekly Grant’s Interest Rate Observer. He reportedly has over 10,000 subscribers. You can do the math. SLL recommends his books, which come a lot cheaper. It’s rare that his writings enter the public domain, but this article appeared on davidstockmanscontracorner.com:

$13,903,107,629,266. Can the nation afford this much debt?

This much I have learned about debt after 40 years of writing and study: It is better not to incur it. Once it is incurred, it is better to pay it off. America, we have a problem.

We owe more than we can easily repay. We spend too much and borrow too much. Worse, we promise too much. We conjure dollar…