Relevant and even prescient commentary on news, politics and the economy.

You searched for: label/sovereign debt

What’s in a name?

…no matter the labels thrown upon them, going back 1000s of years. Its recurring features — concentrated power, weak accountability mechanisms, suppression of organized opposition — are structural problems of…

Educating Dean Baker

…very unhappy that I don’t see things that way. Let’s try this one more time. [skip] At some future point, everyone who owns this debt today will be dead. They…

In Defense of Deficits

…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…

The Phantom Menace

…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….