What’s Different About Today’s Government Deficit and Debt?
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.
We've posted threeweb-onlyarticles drawing on notes on the financial crisis by Tom Weisskopf, professor of economics at the University of Michigan. He sent out the notes on Oct. 1st, Oct. 5th, and Oct. 15th, but we only just received them. We'll continue to post Tom's notes as he sends them along.
We've also posted the most recent Ask Dr. Dollar column (a preview of our November/December issue), by Arthur MacEwan, professor emeritus of economics at UMass-Boston.