News
Bloomberg | U.S. Sees First Debt Reduction Since 2007 as Revenue Rises
The U.S. Treasury Department (USGG10YR) projected it will reduce government debt this quarter for the first time in six years as tax receipts exceed forecasts and spending diminishes.
Washington Post | In Europe, widening impatience over austerity hits politicians hard
With economic growth stuck near zero and unemployment rising, Europeans are increasingly impatient with the budget discipline imposed as part of the European Union’s showcase anti-crisis pact.
Econ Comments & Analysis
Washington Times | Privatize almost everything
As a mental challenge, try to think of all of the governmental activities — federal, state and local — that could be privatized. Now, go a step further. Suppose you were required to develop a plan to privatize, or make self-supporting through user fees, nearly every activity of government. Could you or a group of your friends do it? Try it. I expect your success will surprise you.
