Category Archives: Government Debt
Larry Summers Wants to Give You a Free Lunch
The existing capital stock continues to be frittered away at the expense of savers and retirees. Nonetheless, central bankers don’t give a doggone about it. This, after all, is one consequence of roughly eight years of near zero interest rate … Continue reading
The Other Problem with Debt No One is Talking About
Nearly 7 years have elapsed since the official end of the Great Recession. By now it’s painfully obvious the rising tide of economic recovery has failed to lift all boats. In fact, many boats bottomed out on the rocks in … Continue reading
Alan Greenspan’s Pickled Economy
Former Federal Reserve Chairman Alan Greenspan resurfaced this week. We couldn’t recall the last time we’d heard from him. But, alas, the old fellow’s in desolate despair. On Tuesday, for instance, he told Bloomberg he hasn’t been optimistic for “quite … Continue reading
Less than Zero
Just when we thought we’d seen it all the impossible happened. Earlier this week the 10-year Japanese government bond slipped into negative. Obviously, it took decades of heavy handed intervention into credit markets to pull off such a feat. On … Continue reading
