Debt and Deficits
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Dollar’s Decline Meets Rising Dedollarization: The Threat Comes from Within
The Bloomberg Dollar Index has fallen nearly 8.5 percent, its steepest drop since the 1980s. Elsewhere, incremental signs point to emerging alternatives.
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Deficits, Debts, and the Big Beautiful Bill
We have assigned far too many responsibilities to the federal government, several of which they have no business having in the first place. Overspending follows.
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How Interest Rates Set Asset Prices: One Weird Trick
A low funds rate artificially inflated asset values for much of the past 30 years. Zombie industries are now addicted to cheap borrowing.
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Business Conditions Monthly March 2025
With America’s ballooning debt load, a bond market backlash, and a Moody’s downgrade, fiscal space to respond to a downturn is rapidly evaporating.
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Even ‘Invincible’ Superheroes Face Tradeoffs
Politicians and voters can’t move forward while they cling to their respective fantasy worlds, where nothing must be sacrificed.
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DAFT Decisions: Why Deficits Are Future Taxes
The US debt has doubled in a generation, and the Tea Party’s warnings went unheeded. We’re locked into a deficit spiral with no political will to change it.
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Federal Dependency is a Ticking Time Bomb for State Budgets
Congress funds a big chunk of state spending. But the more states rely on Washington, the less control they have over their own policies.
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DOGE: Bringing Standard Business Scrutiny to Government
Zero-based budgeting is a proven method of finding waste and ineffective programs. That’s exactly why spending-addicted Congress hates it so much.
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DOGE Can Cut Spending, But Real Reform Must Curb Government’s Scope
Government spending totals a quarter of all economic activity. Balancing the budget will take more than rooting out waste.
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Deficit-to-GDP Ratio Near World War II Levels, CBO Finds
America’s addiction to deficit spending is out of control. But Congress lacks the courage to defuse this time bomb.
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•
Dollar’s Decline Meets Rising Dedollarization: The Threat Comes from Within
The Bloomberg Dollar Index has fallen nearly 8.5 percent, its steepest drop since the 1980s. Elsewhere, incremental signs point to emerging alternatives.
-
•
Deficits, Debts, and the Big Beautiful Bill
We have assigned far too many responsibilities to the federal government, several of which they have no business having in the first place. Overspending follows.
-
•
How Interest Rates Set Asset Prices: One Weird Trick
A low funds rate artificially inflated asset values for much of the past 30 years. Zombie industries are now addicted to cheap borrowing.
-
•
Business Conditions Monthly March 2025
With America’s ballooning debt load, a bond market backlash, and a Moody’s downgrade, fiscal space to respond to a downturn is rapidly evaporating.
-
•
Even ‘Invincible’ Superheroes Face Tradeoffs
Politicians and voters can’t move forward while they cling to their respective fantasy worlds, where nothing must be sacrificed.
-
•
DAFT Decisions: Why Deficits Are Future Taxes
The US debt has doubled in a generation, and the Tea Party’s warnings went unheeded. We’re locked into a deficit spiral with no political will to change it.
-
•
Federal Dependency is a Ticking Time Bomb for State Budgets
Congress funds a big chunk of state spending. But the more states rely on Washington, the less control they have over their own policies.
-
•
DOGE: Bringing Standard Business Scrutiny to Government
Zero-based budgeting is a proven method of finding waste and ineffective programs. That’s exactly why spending-addicted Congress hates it so much.
-
•
DOGE Can Cut Spending, But Real Reform Must Curb Government’s Scope
Government spending totals a quarter of all economic activity. Balancing the budget will take more than rooting out waste.
-
•
Deficit-to-GDP Ratio Near World War II Levels, CBO Finds
America’s addiction to deficit spending is out of control. But Congress lacks the courage to defuse this time bomb.