Debt and Deficit Recent Articles

Extra!The Relevance of Say’s Law

Alasdair Macleod

Say's Law fell out of favor among economists with the rise of Keynes. But if it still holds true, we can at least take comfort that there is economic life after monetary death.


Extra!What the Ice Cream Scooper Told Me in Venice

Michael Lombardi

I’m blessed to be able to travel to Europe once or twice a year. I use the trips as an opportunity to see how the economies are faring over there. And I can tell you this first-hand: the economic situation in Europe is much worse than what we’re hearing from the mainstream media in the U.S. economy.


Extra!S&P Aspires to Disown Business Model

Jason Farrell

Now that they are being sued for $5 billion in damages for claiming bad mortgages were actually AAA, ratings agency Standard & Poor's is defending itself in strange ways.


Extra!Europe Continues to Circle the Drain

Jason Farrell

Euro-area government debt is still rising, according to the figures released today by Eurostat. The debt-to-GDP ratio for the euro area rose 4%, to 92.2%, from Q1 2012 to Q1 2013. For the European Union, debt rose from 83.3% to 85.9% in the same period.