14 out of 15 of these countries (the worst indebted countries in the world) on average cut their social spending for their people by 13%. Here’s the point. If you get yourself into debt as a foreign country, if you’re… Continue Reading
I’d like to start with a simple question: Why do the poor make so many poor decisions? I know it’s a harsh question, but take a look at the data. The poor borrow more, save less, smoke more, exercise less,… Continue Reading
[That brings me to a technical point: how do the Fed and the Treasury work together to ensure these payments clear? What does that look like? Because this is something that keeps coming up when we talk about these sorts… Continue Reading
World Finance: Brazil’s economy has been recently rocked by scandal after scandal. The Bovespa index had its worst day since 2008 this May, when newly appointed president Michel Temer was named in yet another bribery investigation. Joining me is Huw… Continue Reading
Alright. Well then why does [the government] sell bonds? What are bond sales all about? It’s not selling bonds to cover a shortfall because it needs to borrow money from us. A lot of people have argued, and Bill talked… Continue Reading
Right, so, say we’re in a card game. (Right) And I’m the scorekeeper. It’s like, how many points do I have? I don’t have any. Well then how do I give you 100 points? I just write them down in… Continue Reading
Announcer: Washington Debates for the ’70s, a series of debates designed to bring together for an open exchange of views and opinions outstanding authorities on vital issues facing the world of the ’70s. The topic: Can regulatory agencies protect the… Continue Reading
It’s absolutely true that school makes people show up, sit down, shut up and that these are useful skills for people to have in adulthood. So the real question is if all we’re trying to do is prepare people for… Continue Reading
One more thing about taxes, if I can… The size of government. I’m going to make this entirely apolitical. Which it should be. The size of government is a political question. How many teachers do we want in the classroom?… Continue Reading
My first question is actually about Libra. From Facebook. You tweeted today a little bit earlier today that Libra is a grotesque distortion of the original intent of cryptocurrency economic freedom. And I was just wondering if you could expand… Continue Reading