At more than $2 trillion, the cost of the March 2020 CARES (Coronavirus Aid, Relief, and Economic Security) Act was double what we spent on Social Security in 2019. As a pandemic relief package, CARES Act checks were directed toward…
Last month, the World Economic Forum (WEF) published its Global Competitiveness Report. The topics are broad and the questions are varied. Based on Executive Opinion Surveys from 126 economies, the answers are supposed to provide insight about short and long…
Hearing about a multi-trillion dollar stimulus package, we should also know six handy facts about what will happen to the federal debt.
When an emerging markets nation like Argentina has a vulnerable economy, then the pandemic lockdown can create a sovereign debt default.
Although the bailout of the Greek economy just ended, doubts remain about their ability to sustain their long-term debt obligations.
The six facts that summarize world debt identify the big borrowers, the risky borrowers, and the criteria for deciding how much to worry.
Relevant today, the timeless ideas in Alexander Hamilton’s development plan are about sovereign debt, banking, and economic growth.