Blowing Up The Deficit
There are good reasons to assume that Trump’s tax cuts aren’t likely to increase economic growth by all that much. But they are likely to blow up the budget deficit […]
Who Is Actually Inconsistent About Deficit Spending? Not Paul Krugman
Some argue that Paul Krugman has flip-flopped on deficit spending. Closer inspection reveals that there isn’t much in this, his supposed love for deficit spending has always been conditional on […]
‘The U.S. Is Broke’ | Seeking Alpha
From time to time, we hear deeply serious economists expound that the US is broke. Invariably, this involves discounting future entitlement obligations to present day dollars, which usually deliver intimidatingly […]
A Tale Of Two Debts: Japan Vs. Greece | Seeking Alpha
In the financial world, often Japan running long-term public deficits is viewed as highly irresponsible while balancing the books is seen as responsible. In reality, this really all depends on […]
Is The U.S. Bankrupt?
Despite favorable demographics, a relatively small tax base and a small welfare state compared to other advanced nations, many people are alarmed at the level of public sector deficits and […]
Ron Paul Proposed A Fed Masterstroke That Can End The Debt Ceiling Crisis At Once! – Seeking Alpha
While the fight on the debt ceiling continues with the White House unwilling to give in to what they see as extortion which could set a bad precedent for future […]
Debunking debts and deficits
the UK debt the rose after the First World War, from 129pc to 158pc by the end of the 1920s, because the government pursued an extreme austerity and deflation strategy […]
Economics and Politics by Paul Krugman – NYTimes.com
Because US assets are higher-yielding although riskier than US liabilities, we still earn more from our investments than we pay on our liabilities. In the aggregate, America is a bit […]
Antonio Fatas and Ilian Mihov on the Global Economy: Gross Mistake
it is not correct to argue that every time we see debt increasing it means that someone is living beyond his or her means. The reason is that we need […]