Tomdispatch.com

This article also appears in Star-Telegram.

War is hell -- deadly, dangerous, and expensive. But just how expensive is it?

In a recent interview, Nobel Prize-winning economist Joseph Stiglitz asserted that the costs of the Iraq war -- budgetary, economic, and societal -- could reach $5 trillion.

That's a hard number to comprehend. Figuring out how many times $5 trillion would circle the globe (if we took it all in one dollar bills) doesn't really help… more

This article also appears in The Baltimore Sun. 

In the week that oil prices once again crested above $100 a barrel and more Americans than at any time since the Great Depression owed more on their homes than the homes were worth; in the year that the subprime market crashed, global markets shuddered, the previously unnoticed credit-default swap market threatened to go into the tank, stagflation returned, unemployment rose,… more