Tag Archive | debt
I would like to clarify for all non-economists out there what NGDP Targeting is really about. This article from ZeroHedge claims that NGDP Targeting is synonymous with issuing new debt and inflating old debt away. In fact, issuing debt has nothing to do with it. NGDP Targeting would establish a reliable rate of nominal economic […]
It’s time for an update on the sovereign debt front. Contrary to what politicians want you to believe, analyzing and understanding the sovereign debt crisis is not that difficult. The WWW is a wonderful source of economic data. Everybody with a computer and internet connection can go to Eurostat.org and download all the data you […]
Here’s what I said one year ago: What is so great about the “Bazooka”? It does nothing to reduce the amount of debt that is going to be in circulation. It doesn’t guarantee debt that is already in circulation. It doesn’t guarantee debt that will be sold to private investors. The real weapon is the […]
High inflation in Japan is becoming more probably as of late, as discussions emerge about the Bank of Japan monetizing government debt (Bloomberg article). I wrote about third, and last, phase of the Japanese “Debt Miracle” before (see here).
The Japanese title translates to “delaying bankruptcy”. Japan is know for its huge amount of government debt. Everyone seems to be baffled by the fact that the Japanese government is still alive, even though its debt share surpasses 200% of GDP by now.
Really, stop spending. Here’s why, from Captain Capitalism.