Reinhart/Rogoff Shot Full of Holes Updated X3
…government debt (especially over 90% of gross domestic product) is bad for growth was published in 2010 by Carmen Reinhart and Kenneth Rogoff, “Growth in a Time of Debt” (ungated…
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Privatisation and government debt
…with ‘it depends…’: Privatisation and government debt Possibly the worst argument for privatizing part of the public sector is a supposed ‘need’ to reduce public sector debt. I think the…
The Challenges of the Greek Crisis
…latest agreement. The Fund claims that the debt projections are much too optimistic. Greece’s debt will only be sustainable if there is debt relief on a much larger scale than…
Why Tyler Cowen Doesn’t Understand the Economy: It’s the Debt, Stupid
…given recent decades, but…), inflation increases nominal incomes without increasing nominal expenditures for existing debt service. (Yes, with some exceptions for inflation-indexed debt contracts.) Deflation, the reverse. Nominal debt-service expenditures…
The new parsimony
…just 5 years, and there is no sign of debt levels increasing even now. A similarly dramatic reversal appears when we measure household (and business) debt against GDP: Household, business,…
Trump’s Solution to the Treasury Debt: Selling Mortgage-Backed Securities! (For federal lands.)
…stump that you oppose any reform of Medicare, Medicaid, Social Security. Yet you told the Washington Post you would eliminate $20 trillion in U.S. national debt in eight years. TRUMP:…
Why did the Clinton campaign say earlier this month that Trump’s statement that he plans to partially default on the national debt could work? (And, yes, that, as the NYT mentions today, is what the Clinton campaign said.)
…Not absurd? Not a guarantee of global economic collapse and immediate major increase in the Treasury debt needed to pay off current debt that Trump was agreeing to pay off…
Americans and debt…
Lifted from comments Denis Drew points us to: Americans are drowning in debt. Here’s where they have it the worst. By Christopher Ingraham, December 8 at 1:58 PM https://www.washingtonpost.com/news/wonk/wp/2017/12/08/americans-are-drowning-in-debt-heres-where-they-have-it-the-worst/?utm_term=.45e91dd1c24f “Nationwide…
Capital Flows in a World of Low Interest Rates
…levels have risen. The IMF has updated its Global Debt Database, which includes private and public debt for 190 countries dating back to the 1950s. The data show that the…
Canceling Student Loan Debt Petition
Alan Collinge of the Student Loan Justice Org. has a petition promoting the cancellation of Student Loan Debt. When Angry Bear ran (April 1) his commentary on Student Loan Debt…