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Tag Archives: debt crisis
Inflate the Debt Away: Why Are Italian Interest Rates Climbing?
Italian interest rates are climbing because it’s feared that, should Greece leave the euro, Italy might follow suit, making the value of Italian bonds held by investors zero. That’s right, zero. Wolfgang Munchau at Spiegel Online explains: If Greece leaves … Continue reading
Posted in Uncategorized
Tagged debt, debt crisis, europe, Greece, inflation, Italy, spain
4 Comments
The Debt Crisis: Niall Ferguson Said It Would Come To This
Harvard historian Niall Ferguson, back in November of 2009, wrote the following for Newsweek: History strongly supports the proposition that major financial crises are followed by major fiscal crises. . . . This is how empires decline. It begins with a debt … Continue reading
Posted in Uncategorized
Tagged America, debt, debt crisis, economy, emperialism, fiscal crisis, government, niall ferguson, rush limbaugh, tea partiers
1 Comment
California is Spain: A Debt Crisis Looms for the Golden State
This is front page news in the New York Times today, and, as a California resident, it’s alarming: [M]any state and local governments have so much debt — several trillion dollars’ worth, with much of it off the books and largely … Continue reading
Posted in Uncategorized
Tagged America, California, debt, debt crisis, economics, economy, gold, Great Depression 2.0, illinois, jerry brown, new jersey, Sarah Palin
3 Comments
Prometheus Unbound 