DC’s Debt Trap

In May this year, the Congressional Budget Office estimated outstanding US government debt next October to be $27,388 billion. By the end of the first quarter of the fiscal year, it will exceed $34,000 billion. It is soaring out of control, and perhaps it is not surprising that the CBO has not updated its forecasts with this debt uncertainty. The CBO also assumed that debt interest costs last year would be $663 billion, when it ended up being $980 billion 48% higher than forecast.

Regulating Out Renters

Airbnbs and VRBOs are out. What’s that you say? What are they? They are short term rentals. Residential occupants rent out their domiciles for anything from a day or two or three up to several weeks and maybe as long as a month or so. Perhaps the vendors go out of town for that stretch of time, and want to add a bit of spending money to their budgets. Maybe they are in the business of renting out residential real estate for such short time periods.

The Economic Wisdom of Antony C. Sutton’s The War on Gold

I.

Antony C. Sutton (1925–2002) was a British economist and economic historian who taught at California State University, Los Angeles. Sutton was also a research fellow at the Hoover Institution at Stanford University.

His work focused primarily on the financial and commercial cooperation between major United States banks and corporates (call it “Wall Street interests”) and foreign states that were openly hostile to America.