
Euros & Dollars: Javier Milei’s War on Inflation
The president of Argentina wants to make it illegal to print money for budget deficits. Economic theory says he is right, but the politics of the welfare state may get in his way.

The president of Argentina wants to make it illegal to print money for budget deficits. Economic theory says he is right, but the politics of the welfare state may get in his way.

The U.S. government now borrows 35 cents of every dollar it spends. Congress, meanwhile, is busy trying to keep the offices of the federal government open.

The U.S. Congress must make a choice—and make it now. Do they want to play fiscal defense and let the debt grow? Or do they want to play fiscal offense and solve the problem for good?

An audit court warned on Monday that the supplementary budget for 2023 is “extremely problematic under constitutional law,” because it retroactively invokes an emergency for a budget year that is almost over.

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?

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

The U.S. government is doing everything wrong with its finances. Its current debt management strategy is downright stupid. Are they trying to fabricate a fiscal crisis?

A new economic forecast points with near certainty to a U.S. debt crisis in the near future.

We will only get one chance to save America from the abyss of a debt crisis. Let us make sure we get it right on day one.

Politicians are known for two things: they never do what they should, and they always do what they shouldn’t. First, they do not prevent a debt crisis, then they aggravate it.