Debt and Deficits
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The Real Cost of $40 Trillion in Debt
Unchecked spending has pushed the federal debt to $40 trillion, weakening the economy and limiting the nation’s options when the next emergency arrives.
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Japan’s Debt Crisis Is a Global Warning
Japan can watch debt-service costs consume its budget, or suppress rates and risk inflation. Decades of borrowing have eliminated the easy options.
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What the Olympics Really Cost: Rio’s 10-Year Legacy of Debt and Destruction
Rio 2016, like many ambitious projects, combined political cronyism and weak market discipline. Ordinary Brazilians are still paying the bill.
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Free Trade: The Consensus Is Growing
What economists have argued for generations is now reflected in public opinion: Americans see free trade as the better alternative to protectionism.
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Warsh Wants the Federal Reserve to Rethink the Rules
The new chairman has long argued the Fed’s own institutional habits undermine sound money. His blueprint suggests key reforms.
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How Congress Turned Budget Reconciliation Into a Tool for More Spending
A process designed to overcome political obstacles to deficit reduction is now helping Congress avoid the reforms that matter most.
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Britain’s Problems Didn’t Begin with Brexit
Brexit disappointed both its critics and supporters, but Britain’s economic malaise runs much deeper than the 2016 referendum.
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An Evergreen Warning About Social Security
A new book from Cato answers old questions: can Social Security remain solvent as lifetimes lengthen and birth rates fall?
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The Fed Needs Independence, Not Immunity
Monetary policy deserves insulation from politics, but regulation and emergency lending powers may not. Can Congress and the Courts differentiate?
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•
Borrowed Time: The ‘Extend and Pretend’ Economy Must End
Trillions in hidden distress and deferred losses are emerging as borrowers run out of time and options. America’s debt reckoning has begun.
-
•
The Real Cost of $40 Trillion in Debt
Unchecked spending has pushed the federal debt to $40 trillion, weakening the economy and limiting the nation’s options when the next emergency arrives.
-
•
Japan’s Debt Crisis Is a Global Warning
Japan can watch debt-service costs consume its budget, or suppress rates and risk inflation. Decades of borrowing have eliminated the easy options.
-
•
What the Olympics Really Cost: Rio’s 10-Year Legacy of Debt and Destruction
Rio 2016, like many ambitious projects, combined political cronyism and weak market discipline. Ordinary Brazilians are still paying the bill.
-
•
Free Trade: The Consensus Is Growing
What economists have argued for generations is now reflected in public opinion: Americans see free trade as the better alternative to protectionism.
-
•
Warsh Wants the Federal Reserve to Rethink the Rules
The new chairman has long argued the Fed’s own institutional habits undermine sound money. His blueprint suggests key reforms.
-
•
How Congress Turned Budget Reconciliation Into a Tool for More Spending
A process designed to overcome political obstacles to deficit reduction is now helping Congress avoid the reforms that matter most.
-
•
Britain’s Problems Didn’t Begin with Brexit
Brexit disappointed both its critics and supporters, but Britain’s economic malaise runs much deeper than the 2016 referendum.
-
•
An Evergreen Warning About Social Security
A new book from Cato answers old questions: can Social Security remain solvent as lifetimes lengthen and birth rates fall?
-
•
The Fed Needs Independence, Not Immunity
Monetary policy deserves insulation from politics, but regulation and emergency lending powers may not. Can Congress and the Courts differentiate?
-
•
Borrowed Time: The ‘Extend and Pretend’ Economy Must End
Trillions in hidden distress and deferred losses are emerging as borrowers run out of time and options. America’s debt reckoning has begun.