Nothing personal to contribute today, just wanted to add to the Google scores of the following essays which I think do an excellent job of explaining our country's current (and increasing) economic problems:
Common economic mis-beliefs
from Rich Toscano's blog, "Nerd's Eye View", on Voice Of San Diego.
Human nature and the inevitability of financial bubbles
from disgraced (but still so suave and well-spoken!...) tech-stock analyst, Henry Blodgett
'Gaming' in prices (aka bubbles) for any variable-return investment
from the same Dec '08 issue of The Atlantic