29 Sep 2020

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Why freeing American households and businesses from crippling private debt would be a boon to the economy. By Richard Vague We were drowning in debt before the COVID-19 crisis, and now we are deluged in it. “Total debt” is the sum of public (government) and private-sector debt—and private-sector debt is comprised of business and household debt: for example, student loans, mortgage...
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24 Oct 2019

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Alfred Nobel never created a prize for economists. He was seventy-three years in his grave when the Central Bank of Sweden got the idea that they could elevate the prestige of economists by awarding a Nobel Prize in Economic Sciences “in memory of Alfred Nobel”. Today, the Nobel Foundation admits that the prize is not a Nobel Prize, but it still gives it status equal to the real prizes. ...
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