News
Bloomberg | Debt Exceeds $100 Trillion as Governments Binge
The amount of debt globally has soared more than 40 percent to $100 trillion since the first signs of the financial crisis as governments borrowed to pull their economies out of recession and companies took advantage of record low interest rates.
Blogs
WSJ | Pace of Student Lending Shows Signs of Easing
The pace of student borrowing from the federal government slowed for the third straight year in January, an indication that a major driver of overall consumer debt may be decelerating.
CATO | A Fiscal Lesson from Germany
Tax rates are too onerous and government spending consumes about 44 percent of economic output. That’s even higher than it is in the United States, where politicians at the federal, state, and local levels divert about 39 percent of GDP into the public sector.
