As of today, the U.S. government’s current deficit and debt are indeed currently at unprecedented levels for peacetime—once we account for them appropriately.
Dear Dr. Dollar: Is the Federal Reserve, the Fed, as important to the operation of the economy as it seems? How does it work? If it is so important, how can anyone take seriously politicians such as Ron Paul, who calls for the Fed’s abolition? Read more »
Do private equity moguls create wealth, or do they merely transfer wealth to the richest of the richest 1% by sucking dry the companies they take over? Read more »
