On Wednesday, June 13, U.S. News and World Report and other media outlets reported that Medicare and Social Security are hurdling towards insolvency — in large part to a ballooning national debt. While Americans will attempt to find creative solutions, time will tell if such solutions are too little, too late.
With our country’s national and personal debt steadily increasing, Tomáš Sedláček’s seminal work, The Economics of Good and Evil: The Quest for Meaning from Gilgamesh to Wall Street (Oxford University Press, 2011), continues to offer insight into this quagmire from an economic, philosophical and psychological perspective. This review will summarize Sedláček’s work and suggest ways for us to avoid this modern day addiction to debt. …Read More.