Wednesday , 21 February 2024

Tag Archives: government spending

Eric Sprott: More Government Spending Is NOT the Answer to Our Economic Woes – Here’s Why (+2K Views)

In today’s overleveraged world, greater deficits and government spending, financed by an expansion of public debt and the monetary base (“the printing press”), are not the answer to our economic woes. In fact, these policies have been proven to have a negative impact on growth. [Therefore] as long as we continue down this path, the “solution” will continue to be the problem. There is no miracle cure to our current woes and recent proposals by central planners risk worsening the economic outlook for decades to come. [Let us explain.] Words: 1510

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Niall Ferguson: U.S. Playing “Russian Roulette” Assuming Interest Rates Will Remain Low (+2K Views)

Countering Krugman’s argument that today’s low interest rates show that no one is worried about lending money to us and, therefore, that we should borrow and spend our way to prosperity, Ferguson argues that today’s interest rates are irrelevant. When countries get into trouble, he says, they get into trouble quickly – the way Greece and other European countries have. Taking …

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$14,300,000,000,000 Debt Ceiling About to go Even Higher! Here’s Why (+2K Views)

The ceiling will be raised from its present horrendous $14.3 trillion – that’s 14.3 plus 11 zeros (00.000,000,000). That's guaranteed! [Otherwise,] the alternative would be the U.S. defaulting on its debts, losing its Triple A credit rating [and being] unable to pay the seniors their benefits, or the military [or its] creditors beyond Aug. 2. [There's more! Read on.] Words: 565

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