Euros & Dollars: How to Fix America’s Debt Problem, Part II
This welfare-state reform is perhaps too radical for many. However, it is designed to solve a radical problem, and radical problems require radical solutions.
This welfare-state reform is perhaps too radical for many. However, it is designed to solve a radical problem, and radical problems require radical solutions.
In 2023, the federal government borrowed $2.5 trillion. So far this year, things are only getting worse.
The national French statistics office has released new numbers on government debt. Everybody debates those numbers, but has anyone actually read them?
A combination of ominous economic forces beyond the control of the government will make minced meat of Sweden’s euro-skeptic holdouts.
The U.S. Congress has ignored the budget deficit for decades. Debt investors have almost run out of patience. Will Congress address the problem—or continue to play for time?
Donald Tusk has accused the National Bank of Poland of manipulating interest rates to help his predecessor win last year’s election. Here is ample proof that Tusk has no case.
Economists have failed to explain Europe’s economic stagnation. Here is an explanation they have not considered.
The U.S. Treasury keeps selling a lot of short-term, expensive debt when long-term debt is demonstrably cheaper. Why?
Nine EU states are now in a recession. The ECB can help the continent ease the downturn, but they are up against bigger forces of economic stagnation.
Many analysts think that today’s interest rates are the exception and that rates should always be low. History tells a different story.
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