Consequences of Debt

Coronavirus is accelerating the already-serious problem of federal debt.  James McBride, Andrew Chatzky, and Anshu Siripurapu at the Council on Foreign Relations: The United States’ debt-to-GDP ratio is among the highest in the developed world. Among other major...

The Best Horse in the Glue Factory

Former Senator Judd Gregg (R-NH) at The Hill: The deficit for this year is now projected to exceed $4 trillion. This makes the deficit approximately four times larger then any deficit ever wrung up before. The debt we will owe as a nation will exceed our gross...

Grim Economic Milestones

An April 24 report from CBO: CBO has developed preliminary projections of key economic variables through the end of calendar year 2021, based on information about the economy that was available through yesterday and including the effects of an economic boost from...

The Pencil and the Supply Chain

During the crisis, some are saying that we should not rely on foreign countries in our supply chains. That notion is chimerical.  Borrowing from a classic essay by Leonard Read, Milton Friedman once explained why it took thousands of people around the world to make a...

Debt Virus

From the Committee for a Responsible Federal Budget: The United States entered the current public health and economic crisis facing high levels of debt and trillion-dollar deficits. Due to the effects of the crisis and legislation enacted to combat it, debt and...