Tag Archives: wealth confiscation
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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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
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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
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