Williston, ND’s Junk Debt Is the Punchline to Paul Krugman’s Delusions

Originally Published in RealClearMarkets on 1/19/18.

Busy Bee’s is a popular destination for parents of young children in the Washington, D.C. area. Its two locations are especially packed on cold days thanks to its indoor playgrounds that include balloon pits, swinging chairs and slides. No doubt there are play concepts like Busy Bee’s all over the U.S., just as there are businesses similar to it throughout D.C.

For older kids and parents, Dave & Buster’s locations can be found nationwide. Each has bowling, arcade games, countless televisions showing live sports, plus fairly broad eating options. For those who want a quieter place to work, stage a meeting, or just relax, Starbucks are so ubiquitous that they can increasingly be found across the street from one another in heavily trafficked cities.