…the bonds. Note that Social Security is NOT borrowing money; it is LENDING money TO the government, and when SS cashes its bonds it is NOT causing the government to…

…that the lead to deficits and the national debt creates the illusion of wealth (as people act as if government bonds are net wealth). This causes higher than sensible consumption…

…debt. On a tax minus expenditure basis, not much unusual was going on especially considering it was the bottom of the (then) worst recession since WWII. Only in the extreme…

Rigging the student loan system Americans today hold $1.5 trillion in student debt, and recent research reveals that the effects of this outsized and growing debt are much more devastating…

…includes equity and debt instruments. The latter is based on intra-company borrowing. Historically, the equity component has registered a net positive position that outweighed the negative debt position. But the…

…higher public debt. If there were no Covid crisis, I would advocate giving $2000 to every American citizen (better if directed at the non rich — way better but impossible…

…restrictions. In 2005, Biden supported a change in the bankruptcy code that made it much more difficult to discharge private student loan debt in bankruptcy by also applying a harsher…

…major debtor country owed its debt in its own currency. It is unprecedented in economic history. Japan, by contrast, owes all its foreign debt in dollars. Now if you devalue…

…Kaiser Health News. June 16, 2022.  https://khn.org/news/article/diagnosis-debt-investigation-100-million-americans-hidden-medical-debt/ Other Information “The market economy fails when applied to healthcare,” Angry Bear “Medicare Advantage has Overcharged FFS Medicare by Billions for Years,” Angry…

…link . . . John Oliver Cliff Notes on homeowners associations: ‘Glorified debt collectors with the power to upend your life’, The Guardian, John Oliver. The YouTube clip is funnier….