Be that as it may, America still spends a significant percentage of its income on these items.

FORBES: Fed Exports Inflation, Stokes Revolutions

The amount of time a student spends on a course home page may have little to do with course completion.

FORBES: More Interaction In Online Courses Isn't Always Better

The savings in time may be more impressive, since the average household currently spends two or three hours a month paying bills.

ECONOMIST: Bill payment by Internet

For a look at how residents of other countries carve up their budgets (the differences in some cases may shock you), check out How The World Spends Its Money.

FORBES: Why Learn When You Can Sleep?

In his pursuit of Keynesian solutions, Krugman also spends little time on the possibility that politics itself may be one of the structural issues that also has to be resolved.

FORBES: The Jobs Problem: Both Progressives & Republicans Must Rethink

That even as it spends a fortune to gain resources in the emerging nations, it may need to commit similar energies to galvanizing a rehab of its most critical market's infrastructure.

FORBES: Bare Shelves?

Prince William, it can be countered, may share his father's tastes for country life and field sports, but he spends much of his time in royal unicorn mode, or something like it.

ECONOMIST: Bagehot

If he uses his four-year term wisely and spends Nigeria's vast oil wealth on development rather than his entourage, he may begin to heal his country's worrying north-south rift.

ECONOMIST: Nigeria's presidential election

If someone borrows in their 60s, and spends the money right away, that will leave them with fewer financial resources in old age when they may need those funds the most.

FORBES: Reverse Mortgages Fall Short of Their Potential, Says a New Government Report