All Posts Tagged With: "debt"

And the Slump Goes On

Official economic statistics and the underlying economic reality sometimes differ starkly. Such discrepancies may be almost inevitable when a small group of macroeconomic experts sets the official dates for peaks and troughs of aggregate economic activity. The Business Cycle Dating Committee of the National Bureau of Economic Research (NBER) recently “determined that a trough in [...]

24Feb2011 | Angel Martín Oro | 13 comments | Continued

There’s Got to Be a Better Way

What’s so remarkable about events in the Middle East is that a significant number of people who had felt powerless looked around at what they’d seen every day of their lives and thought for the first time: “It doesn’t have to be like this.”

18Feb2011 | Sheldon Richman | 18 comments | Continued

Democracy, Deficit, and Debt

Democracy in Deficit is one of those books that can profoundly change the way people think about economics.

8Apr2010 | Steven Horwitz | 8 comments | Continued

Going Broke

Barack Obama says “no one ought to go broke when they get sick in the richest nation on Earth.” He also says “no one should go broke because they chose to go to college.” Question: Does “no one” include the government or society as a whole? I only ask because of the  trillion-dollar deficits that [...]

6Feb2010 | Sheldon Richman | 6 comments | Continued

Debt Issues Unavoidable

“‘Right now, this year, we have 1.6 trillion in debt coming due. That’s roughly twice individual income tax revenue. Our only plausible strategy for paying that back is to borrow more money,’ says Leonard Burman, an economist at Syracuse University. Under some grim scenarios, the cumulative debt of the United States could rise to several [...]

8Dec2009 | Mike Van Winkle | 0 comments | Continued

Now That's Leverage!

The government is borrowing nearly 50 cents for every dollar it spends. (But it will protect us from overleveraged financial companies.)

12May2009 | Sheldon Richman | 0 comments | Continued

When Will the Government Live Within Our Means?

An urgent message to the people of China: Don’t lend the U.S. government another dime. Read the rest here.

24Mar2009 | Sheldon Richman | 0 comments | Continued

A Deficit of Understanding

“Nothing, however, can be more absurd than this whole doctrine of the balance of trade.” —Adam Smith The Wealth of Nations Here’s some sound advice: don’t worry about the trade deficit. The pundits’ and politicians’ hysteria over the trade deficit is rooted in confusion. The fact is, a trade deficit is unlikely to be a [...]

1Apr2004 | Donald J. Boudreaux | 5 comments | Continued

Principle & Interest: Thomas Jefferson and the Problem of Debt

Mr. French is a vice president in commercial real estate lending for a bank in Las Vegas, Nevada. In his History of Economics classes, Murray Rothbard told us that it was important not just to study what policies and theories held sway during the past, but to examine why certain economists or politicians advocated the [...]

1Oct1996 | Douglas E. French | 0 comments | Continued

Government Lending

Persons tempted to seek government credit might be interested in this “other side” of the story of government lending activities. Government lending is not limited to the lending of money. The government’s guarantee, when it is held by private people, is no less a pledge of the public credit than is the government’s direct loan [...]

1Jul1956 | Henry Hazlitt | 0 comments | Continued

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