"An exhaustive look at world markets and why the economy has been so unpredictable Greece isn't the only country drowning in debt. The Debt Supercycle?when the easily managed, decades-long growth of debt results in a massive sovereign debt and credit crisis?is affecting developed countries around the world, including the United States. For these countries, there are only two options, and neither is good?restructure the debt or reduce it through austerity...

"Public debts have exploded to levels unprecedented in recent history as governments responded to the Covid-19 pandemic. Their rise prompted apocalyptic warnings about the dangers of heavy debts - about the drag they will place on economic growth and for future generations. This book adds the other side of the equation: drawing on history, it provides a defence of public debt. It shows that the ability of governments to borrow has played a critical...

"This vital resource is devoted to providing nonpartisan, objective analysis of the national debt, including leading drivers of the debt, the budgetary process, and claims and counterclaims about national debt benefits and drawbacks"--

"Scholars writing about how the federal government should respond to state and local fiscal stress fall into roughly two camps. One group argues that federal bailouts create excessive moral hazard. Another group argues that federal aid is instead a necessary form of macroeconomic stimulus given the pro-cyclical nature of state budgets. While this debate is important, it is incomplete. This chapter will show that there is another consideration that...

"The image of profit-seeking banks continually evaluating the creditworthiness of the states to whom they lend capital is a familiar one, frequently assumed to be as true now as it was three hundred years ago. Against this view, Sovereigns and the Masters of Capital argues that this description only corresponds to the last forty years, at best. The systematic assessment of sovereign borrowers with quantifiable data by exclusively profit-driven banks...

Given the far-reaching impact of both the 2008 financial crash and postcrash austerity policies on so many people's lives, there exists a need for a succinct, straightforward guide to the situation's causes and its long-term significance. The Global Financial Crisis and Austerity fulfills that need. Written by an expert in political science, this book spans the fields of finance, economics, and politics to demystify the sometimes arcane world of global...

Beck makes the case that when you're traveling in the wrong direction, slight course corrections won't cut it. He exposes the idea of "transformation" for the progressive smokescreen that it is, while maintaining that a return to individual rights, an uncompromising adherence to the Constitution, and a complete rethinking about the role of government in a free society is the only way forward.

Senator Tom Coburn analyzes the reality of America's fiscal crises and proposes methods for true recovery.

What, exactly, is the National Debt-and to whom do we owe the money-two trillion dollars’ worth? That's a pile of one thousand dollar bills 134 miles high, and climbing. Just paying the interest costs is equivalent to the entire federal income tax collected west of the Mississippi. How did we get into such a fix? This book explains why the government, politicians of both parties, and all the rest of us have delayed putting our house in order; how...

Rethinking the causes and consequences of Britain's default on its First World War debts to the United States of America.