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July 2023

  /  2023 (Page 141)

Chris Edwards Federal government debt is rising to dangerous and unprecedented levels. Without reforms, federal debt held by the public will grow from 98 percent of gross domestic product this year to 115 percent a decade from now. Compared to the size

Adam N. Michel The current federal budget deficit and the accumulated debt result from Congress spending more than they are willing to raise in taxes. Ultimately, the question of which is more to blame—steady taxes or ballooning spending—will depend on

When I was an economics undergraduate back in the 1990s, central bankers at the Federal Reserve were more or less above criticism. Those were the days when Alan Greenspan was acclaimed as “the maestro” and it was simply assumed central