…is l’euro which is neither French nor silver. But then neither is the Nordic gold of the euro made of gold. These days the Republican Senator comes into the hearing…

…matter how much taxpayer money is required. Second, some U.S. hedge-fund billionaires, personally close to Bessent, bet big on Milei and bought Argentine bonds. The bailout package almost surely won’t succeed…

…world’s reserve currency. The euro, established in 1999, was envisioned as a counterweight to the dollar. Since then, the dollar has retained its global primacy. The euro project has been…

…from consumers for personal, family or household debt, the consumer bureau will begin monitoring debt collectors that contract with the Education Department to collect overdue student loans. The department has…

…Reagan/Republican revolution. Aside from a brief respite under Clinton, government debt has been heading rapidly north ever since. Debt was reduced under every president since World War II, with three…

…countries, households have less debt. If you remember Michael Moore’s movie Sicko, in one scene he interviews an upper-middle class French family and asks them what debt they have. Their…

…back and check on their record.) For a few reasons, increasing the debt wasn’t a precedent for Democrats – and both Carter and Clinton paid down debt, but now, with…

…current generation sells the bonds to future generations and consumes more than it would if there were no such bonds. This is mathematically possible and would happen under the extreme…

…Personal debts are generally settled during the lifetime of the debtor or at death, because one person cannot easily encumber another. But public debt does not ever have to be…

…more long-term debt; or let the government issue more short-term debt. That does sound rather obvious doesn’t it ? Why aren’t they doing that ? My guesses after the jump….