“Running on, running on empty…”

We make two arguments about America’s public finances:

  1. Government debt will rise much faster than suggested by official projections.  (See our “Deadly Sins” series of articles. Also, we publish our own, more realistic debt projections, as seen on CNBC.)
  2. Debt is fast reaching a point where it will have significant and unwanted effects on the economy. (See “63 High Government Debt Episodes and What They Tell Us about Our Options Today” and “7 Fallacies About the Lengths of Things.”)

Here are two articles that sum up our conclusions:

Fonzi Or Ponzi? One Theory Of The Limits To Government Debt

Why The Next Global Crisis Will Be Unlike Any In The Last 200 Years





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