GDP can be increased through both government spending and printing new money. So, naturally, once lockdowns end we’ll see a big rebound in GDP. But that doesn’t tell us if the private sector is actually better off. This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Millian Quinteros. Original Article: “ Why GDP
Forget Jerome Powell’s fanciful “soft landing” or the notion that the Fed can pull another rabbit from its hat. The banking system is headed for a crash and monetary authorities likely will make things worse. Original Article: “A Perfect Storm Is Brewing in Banking and Finance” This Audio Mises Wire is generously sponsored by Christopher
Federal debt is soaring out of control, and perhaps it is not surprising that the CBO has not updated its forecasts with this debt uncertainty. Original Article: 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
The issuance of debt is normally subject to a contract that it will be repaid at the end of its term, along with the coupon interest. The exception is undated bonds, when only the interest contract must be fulfilled. In practice, governments and many corporations roll over debt into new bond obligations at the end of their terms, but at least
La emisión de deuda normalmente está sujeta a un contrato que se pagará al final de su plazo, junto con el interés del cupón. La excepción son los bonos sin fecha, cuando solo debe cumplirse el contrato de intereses. En la práctica, los gobiernos y muchas corporaciones transfieren la deuda a nuevas obligaciones de bonos al final de sus términos,
What is the Mises Institute?
The Mises Institute is a non-profit organization that exists to promote teaching and research in the Austrian School of economics, individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard.
Non-political, non-partisan, and non-PC, we advocate a radical shift in the intellectual climate, away from statism and toward a private property order. We believe that our foundational ideas are of permanent value, and oppose all efforts at compromise, sellout, and amalgamation of these ideas with fashionable political, cultural, and social doctrines inimical to their spirit.