
The U.S. Debt by the Numbers
The U.S. debt keeps growing, and nobody seems to want to stop its growth. But what does the debt actually look like? Who owns it, and what are its components?

The U.S. debt keeps growing, and nobody seems to want to stop its growth. But what does the debt actually look like? Who owns it, and what are its components?

Building a coalition will be extremely difficult, as a possible ten or eleven parties could enter parliament.

The twin villains of high inflation and high unemployment have not left Europe. They are just taking a nap under a pile of moderately optimistic economic data.

The Republican newcomer brings better policies to the table than his opponents, but often reduces the issues of cultural disintegration and national renewal to just GDP growth.

The Swedish government’s budget is thoughtful, intelligent, and well balanced. Let’s see if it also can deliver as promised.

In the world of public finance, we call this ‘rocketing your country into a fiscal crisis.’

The concept of exploitation is deployed by socialists in the public discourse to force conservatives into renouncing capitalism altogether.

Biden’s immigration policy and his bad fiscal management could create a depression worse than the 1930s.

What the European Commission proposes is not rules-based trade but managed trade, with Commission technocrats pulling the strings to favour EU industrialization.

U.S. unemployment is rising, but this does not mean a recession is coming. Immigration is causing a recession mirage.
The ethical struggle is clouded by an institutional issue: according to the treaty on the functioning of the European Union, measures concerning the family are not the responsibility of Europe. Each state is supposed to decide sovereignly in this matter.
A year out from a general election in Spain and the political vitriol is running high.
Health care systems with a high degree of government funding were ill-prepared for the pandemic; systems with a higher degree of private and semi-private funding had a much better capacity to respond.
Although some countries have recovered, overall economic activity has been disappointing. To make matters worse, a closer look at capital formation—a.k.a., business investments—and consumer spending suggest that a recession is in fact just around the corner.
Greenpeace openly supports the ‘climate actions,’ pays the lawyers’ bills, and provides space, materials, and know-how. Direct funding comes from the US-based Climate Emergency Fund (CEF), which has already spent $5 million this year.
Retailleau clearly distinguished himself from his colleague Ciotti in this matter of ‘image maintenance’ and political correctness, declaring: “I have never fallen for the Left’s moral lessons.”
Whichever candidates Trump will face in the 2024 presidential primary elections, they will be tough contenders. Running for president is not for the faint of heart.
Some forecasters believe that inflation will persist for an extended period of time. I disagree, and if the signs of an inflation peak are as strong as I believe they are, then Europe could be out of this inflation episode before next summer.
Les Républicains are caught in a dangerous trap, between Macronism and the Rassemblement National, which has established itself as the leading parliamentary group on the Right.
The connivance of the establishment Left (and, though less explicitly, the Right as well) with the long-term strengthening of separatism has been a feature, not a bug, of Spanish democracy.
The term ‘democracy’ no longer refers to a system of government held above ideological bias. Increasingly, it is being misused as a synonym for an election won by ‘the preferred ideology.’ That ideology is socialism.
The troubles of this winter may cause Europeans to search for leadership alternatives focused more on national interests. The politics of Hungary and Italy may spread across the continent, with a rise of conservative victories.