Where to Find New Capital Cities

Whether looking at Indonesia today or the United States in 1791, moving a capital city can be somewhat similar.

The Country That Was Called a Serial (Debt) Deadbeat

When an emerging markets nation like Argentina has a vulnerable economy, then the pandemic lockdown can create a sovereign debt default.

Worrying About the Treasury’s “X” Date

Concerned about the “X” date, Treasury Secretary Steven Mnuchin has written a letter to House Speaker Ryan about the debt ceiling.

Celebrating Alexander Hamilton’s Economic Independence

Focusing on the same issues we care about today, Alexander Hamilton’s development program was about sovereign debt, banking and boosting GDP.

Celebrating Alexander Hamilton and Economic Independence

When independence is about political freedom, the U.S. needed Alexander Hamilton’s development program for the economic strength that made it truly free.

Celebrating Economic Independence

Yes, the United States declared independence from Great Britain on July 4, 1776 and won the American Revolutionary War. But still, we were not truly independent. George Washington’s Secretary of the Treasury Alexander Hamilton knew that true independence required a vibrant economy. He had…

Economic Independence Day

Alexander Hamilton must have been worried. In 1790, as Secretary of the Treasury, a troubled economy had become his responsibility. He had a huge federal debt to fund, a banking sector that was distressed, and an economy to stimulate. Sound…

Default Deja Vu

Between its independence in 1829 and 2006, Greece has had 5 defaults or debt reschedulings that occupied a total of 50.6 years.  Described by Rogoff and Reinhart in their 2008 paper and book, This Time It’s Different, few nations break…

Debt Compromises

This story is about a country that had massive debt. A recent war had been expensive and the economy had big problems. Still though, powerful political leaders opposed the solution that the Secretary of the Treasury proposed. Yes, the country…

Celebrating Economic Independence

Alexander Hamilton must have been worried. In 1790, as Secretary of the Treasury, a troubled economy had become his responsibility. He had a huge federal debt to fund, a banking sector that was distressed, and manufacturing to stimulate. Sound familiar?…