…suffer the consequences). And unlike Greece, though our debt is high, it is still only about 70% of GDP. And lucky for us, the foreign nations who buy our debt…

…2 terms than during Reagan, Bush 1 and Bush 2? It was debt combined with “new products” designed to pretend people could pay the debt which kept it going. In…

…served and quarterly figures for the total public debt. The debt series I obtained (from the Federal Reserve Economic database) goes back to 1966. The terms of each CEA chair…

The Federal Reserve released the “Household Debt Service and Financial Obligations Ratios” for Q3 2005 today. The household DSR (Debt Service ratio) set another record at 13.75%, up from 13.53%…

…of short-term debt, a foreign lender may decide not to roll over credit at the time when it is most needed. But recent papers have shown that foreign debt can…

…without increasing nominal expenditures for existing debt service. (Yes, with some exceptions for inflation-indexed debt contracts.) Deflation, the reverse. Nominal debt-service expenditures are (very) sticky. Or described differently: inflation constitutes…

…– looking at the nominal debt today compared to a decade ago is highly misleading. James Tobin once noted that the tripling of the Federal debt during the 1980’s was…

…student loan debt crisis, and many are expecting him to tackle that soon. On the campaign trail, he spoke about favoring some student loan debt forgiveness but was hesitant on…

…debt ceiling deal approved by Congress. Several former students told Newsweek they won’t make payments on a debt they say is spurious or cannot pay because of the rising cost of living….

Three in college and carrying student loan debt. There was no way Jan and I were going to leave this to them to pay it off by themselves. The debt…