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| | larspsyll.wordpress.com
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| | . A government issuing debt in its own currency can always technically meet its obligations - by creating money to pay off that debt. The real constraint on government spending isn't the debt level, but inflation. Central to the Keynesian-influenced view on debt is the fundamental difference between private and public debt. Conflating the one...
| | www.gao.gov
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| | Fiscal year 2024 marked the fifth year in a row that the U.S. saw a budget deficit above $1 trillion. If no action is taken, we project that growing deficits will result in federal debt held by the public (federal debt) reaching its historical high of 106% of the U.S economy by 2027-1 year earlier than we projected last year.
| | conversableeconomist.com
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| | For anyone who can do arithmetic, it did not come as a surprise that the \"baby boom generation,\" born from 1946 up through the early 1960s, started turning 65 in 2010. Here\'s the pattern over time of the \"Daily Average Number of People Turning 65.\" The jump of the boomer generation is marked. Because two
| | conversableeconomist.blogspot.com
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| Central banks all over the world took dramatic actions during the Great Recession and its aftermath. For example, the US Federal Reserve too...