Tag Archives: fiscal crisis
The Ominous Message in 2 Centuries of Global Public Finances
After our recent article showing the history of non-defense budget balances for large, developed countries, some readers wondered how our results might change with defense spending included. Here’s a new chart showing total budget balances:
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Tagged Buenos Aires, defense spending, developed countries, emerging economies, fiscal crisis, fiscal discipline, fiscal policy, fiscal risks, military spending, Napoleonic Wars, Niall Ferguson, public borrowing, public finances, state expansion, The Ascent of Money, U.S. Civil War, wealth confiscation
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