Euros & Dollars: Debating the Limits of the Free Market, Part I
Three independent sources criticize the free-market system. Two of them are from the U.S. government. What is going on here?
Three independent sources criticize the free-market system. Two of them are from the U.S. government. What is going on here?
The U.S. economy is doing well, but the slowly growing uneasiness on the market for federal government debt could easily grow into a problem big enough to derail it.
Many analysts think that today’s interest rates are the exception and that rates should always be low. History tells a different story.
In 18 months, the cost of the federal government’s debt has increased by 86%. Where will it be 18 months from now?
Finally, the U.S. Treasury is doing something to curb the rise in debt costs. But is it too late already to prevent a fiscal crisis in America?
Those who expect a U.S. recession will have to wait a little longer, but there are some details in the latest GDP numbers that suggest an economic downturn is indeed on its way.
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?
The growth in debt will only stop when the U.S. government is struck by a real fiscal crisis. Nothing else will work.
Congress is borrowing 26 cents of every dollar they spend. Only structural spending reforms can prevent a fiscal meltdown—and time is running out.
Putting conservatism to work is a decades-long project. It requires patience and intellectual courage. We national conservatives have what it takes.