…of the debt ceiling has no relationship between it and laws having future expenditures. The debt ceiling has no bearing on legal expenditures. It is about raising the debt ceiling…

…loan balance is $1.661 trillion; 42.5 million student borrowers have federal loan debt. Federal student loan debt represents 91.6% of all student loan debt; 8.43% of student loan debt is…

…sold at major retailers today, such as legendary Half of Fame MLB pitcher Nolan Ryan’s private label beef that is carried exclusively at Kroger stores, or at his private label…

…the US with those of the euro zone: Over the past six months an unusual gap has opened up between German government bond yields and US government bond yields. This…

…(See also Thinking About the Fed.) If you don’t think anyone is confused by that term, understand: in “public debt,” “public” means government. In “debt held by the public,” “public”…

…growth after falling behind Western Europe during the Great Recession. But the many who have forecast a blowup and end to the euro have so far proven wrong. The euro…

…NAWRU are very important. D. This means we (in the Eurozone) have a problem. The stability and growth pact requires estimation of the NAWRU which means that it dictates that…

…this year? Yes, they do, unless circumstances change. It’s near impossible to bet successfully on what Euro area policy makers are going to do, so let’s just review the facts…

…with pro-cyclical fiscal policies. In each case Yglesias considers current interest rates and the deficit not the stock of debt. Put roughly, when the public debt goes from $-5 to…

…one would expect if low growth caused a high debt to GDP ratio. Future growth is low if debt is higher than one would predict given debt 5 years ago…