July 15, 2024

It’s The Debt Stupid – Economic Growth Is Suffocated By Excessive Government Borrowing

Carmen Reinhart and Kenneth Rogoff, in their best selling book, This Time Is Different, have examined sovereign debt defaults over the past eight centuries from around the globe.  Based on their in depth analytical studies, the authors conclude that large scale financial crises such as 2008 inevitably lead to ruinous increases in government borrowing and […]

America – More Of A Welfare State Than We Admit

America has become more of a welfare state than most of us would care to admit as Robert Samuelson details in a recent article.  The shock to many will come when it becomes obvious that the promises made by Government are so large that they simply cannot be kept. Washington Post – Raised in an […]