The U.S. Is Broke!
Debt scares once again resurface with US public debt at historically high levels and entitlement spending set to increase further. Some argue the US is basically broke. We will try […]
‘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 […]
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 […]
US Federal deficit shrinking fast
As Hatzius notes, the deficit is currently running under half the peak of the fiscal 2009 budget and will probably decline further over the next few years with no additional […]
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 […]