From WSJopinion: Today’s high rate of inflation is simply a foreshadowing of what could come if the U.S. is forced to monetize the bulk of its national debt, writes RepHensarling
Wonder Land: State legalizations of gambling and marijuana prove that the goal of governments today is mainly to take, rather than help. Images: Getty Images Composite: Mark KellyThe national debt this month reached $30 trillion. Not only is this the largest debt in U.S. history in dollar terms, but the ratio of debt to gross domestic product is 119%—the largest it’s ever been. And things are only getting worse.
Now Americans are beginning to experience inflation, one of the primary costs of rapidly growing levels of national debt. Every day we hear that supply-chain challenges and the pandemic are to blame, but they aren’t the only culprits. “Inflation is always and everywhere a monetary phenomenon,” Milton Friedman said. To help finance $5.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Student debt: What Biden is doing (and not doing)The US government was praised for canceling $415 million in student debt for victims of for-profit college fraud. But the Biden administration has been criticized for failing, so far, to change student loan bankruptcy rules. | Analysis by zbyronwolf
Weiterlesen »
New Russia debt sanctions to have 'limited implications' for bond holders - JPMorganJPMorgan's emerging market strategists said on Wednesday that new U.S. sanctions on Russian sovereign debt announced this week were likely to have limited implications for the international investors that already hold them.
Weiterlesen »
UK to stop Russia selling sovereign debt in LondonBritain will stop Russia selling sovereign debt in London after President Vladimir Putin deployed military forces into two breakaway regions of eastern Ukraine, Foreign Secretary Liz Truss said on Wednesday.
Weiterlesen »
Ukraine-Russia crisis could push inflation to 10% if conflict escalatesU.S. inflation is already at the highest level in four decades. The worsening Ukraine-Russia crisis could push it even higher.
Weiterlesen »
U.S. accuses Russia at UN Security Council meeting of 'creating pretext for war'The rare nighttime meeting was called at the request of Ukraine, the U.S. and several other countries.
Weiterlesen »
Homeland Security Department warns of potential Russian cyber threats to U.S. organizationsThe warning mentioned possible cyberattacks targeting big banks and power grids.
Weiterlesen »