California and Greece

An SAT question:California: US = Greece: EU. California and Greece are similar because…1. California and Greece have debt problems.2. Both have government employees with salaries and massive pen…

PIIGS at the Trough

Debt can be complicated. 1.National borrowing is good. It leads to growth and recovery. In 1792, Alexander Hamilton said that a national debt could be a blessing. In 1936, John Maynard Keynes said tha…

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