Tag Archives: primary budget balance
Fonzie or Ponzi? One Theory on the Limits to Government Debt
If you’re part of my generation and watched enough Happy Days back in the day, you know that “the Fonz” had a keen understanding of human nature. And that projecting confidence was a huge part of his alpha male badassness. … Continue reading
Posted in Uncategorized
Tagged America's finances, austerity, Balassone-Francese-Pace, Baum-Cecherita-Westphal-Rother, budget deficit, CBO, Cecchetti-Mohanty-Zampolli, Cecherita-Rother, Charles Ponzi, confidence trick, Congressional Budget Office, debt addiction, debt projection, debt stabilization, debt threshold, debt-to-GDP, debt-to-GDP ratio, dependency ratio, depression-like economy, Fonzie, Happy Days, Hyman Minsky, hyperinflation, Keynesian, Keynesian end game, Kumar-Woo, median household income, Ponzi finance, Ponzi point, Ponzi Scheme, primary balance, primary budget balance, real debt stabilization, Reinhart-Rogoff, The Fonz, wealth confiscation
2 Comments
63 High Government Debt Episodes and What They Tell Us about Our Options Today
Do you wonder what to make of America’s soaring government debt and what it means for the future? Or, if you already have it figured out, are you interested in research that might challenge your position? Either way, you might … Continue reading
Posted in Uncategorized
Tagged bond conversion, Carmen Reinhart, Cyniconomics, debt cancellation, debt ratio, debt restructuring, debt service moratorium, debt-to-GDP, EU structural funds, Fritz Bos, government debt defaults, IMF program, Kenneth Rogoff, Keynesian economists, primary balance, primary budget balance
1 Comment
Testing Krugman’s Debt Reduction Strategy (And Finding It Fails)
Nike recently published a series of ads declaring “winning takes care of everything,” in reference to Tiger Woods’s recapture of the world #1 golfer ranking. The slogan went over with certain critics like an illegal ball drop. Many economists insist … Continue reading
