David Brooks on Debt: Can Someone Buy the Man an Intro Textbook?

David Brooks is again prominently displaying his misunderstanding of economics in the New York Times. He told readers in today's column:

"Every generation has an incentive to borrow money from the future to spend on itself. But, until ours, no generation of Americans has done it to the same extent."

He then goes on to tell us that we are borrowing because we are more secure, arghhhhh!

Okay, let's try to put this so that even David Brooks can understand it. First, we are not borrowing money fr...