Category:Debt

April 28, 2021 | Video

As COVID-19 began raging, people all throughout the world spent tremendous effort thinking about how fast the virus might spread, how mass infections would strain our hospitals, and how many of us might die. Politicians and experts told us that if we did nothing, COVID-19 would kill millions.

In this video, Prof. Antony Davies, from Duquesne University, explains the cost of lockdowns in the United States, both in terms of economic and human life loss. The Congressional Budget Office claims that the cost of shutting down the economy in addition to approved relief packages is around 15 trillion US dollars. But when we think of this gigantic figure and contrast it with the estimated number of deaths caused by COVID-19, we have to ask ourselves: was this the best use of funds?

You will see and feel how all of these numbers and arguments translate into reality in this exclusive and interactive 360° video.

October 23, 2017 | Video

Remember the mid-2000s housing crash that wiped out homeowners? Well, there’s another bubble getting ready to pop, and this one’s in student debt. Prof. Antony Davies explains.

October 16, 2017 | Video

Myth 1 is that the government owes “only” $20 trillion. (In reality, it’s much more.) But luckily, Myth 10 is that there’s no way to fix this problem…

April 2, 2017 | Post

Once again, the United States government is rapidly approaching a fiscal debt ceiling. After March 16, 2017, Uncle Sam is not legally allowed to borrow any more money to cover its budget deficits, unless Congress votes to raise the debt limit like it has every time in the past. Uncle Sam’s debt has been growing […]

March 29, 2017 | Post

The Congressional Budget Office (CBO) recently released the “The Budget and Economic Outlook: 2017 to 2027.” This annual report provides the federal government’s most comprehensive analysis of the current state of federal spending, taxes, and debt. It also provides a framework within which to analyze the President’s budget proposal and upcoming Congressional legislation.  The news is […]

March 22, 2017 | Post

The defense budget is about to balloon again, but there’s no reason to assume we need more military spending.

March 22, 2017 | Post

Budapest has done the sensible thing and withdrawn from the competition to host the 2024 Summer Olympics. Finally a refutation of the standard point about economists – that the more united their view on a subject the less attention anyone else pays to them. For the truth about the Olympics is that they are a […]

March 18, 2017 | Post

Without substantive entitlement reform, it will be exceedingly difficult to address the country’s long-term fiscal problems, and it will only get harder if needed changes are delayed.

March 4, 2017 | Post

If there is a single aspect of the economic way of thinking that I struggle to put into practice, it’s the idea of letting go of my sunk costs.

March 3, 2017 | Post

Tuesday night’s address to Congress by President Trump was devoid of detail on infrastructure investment. But in justifying his desire to harness $1 trillion of public and private funds for “new roads, bridges, tunnels, airports and railways”, the President used two lines of bad economic reasoning sadly all too prevalent in public debate on this […]

February 18, 2017 | Video

This is an immersive 360 video, so be sure to set the video quality to 2160s resolution for an optimum viewing experience US government debt is now bigger than the debt of any other government in human history. But does the size really matter? Join Professor Antony Davies as he explores the debt with this […]

February 17, 2017 | Post

“The market is not a place, a thing, a collective entity. The market is a process, actuated by the interplay of the actions of the various individuals cooperating under the division of labor.” – Ludwig von Mises

February 11, 2017 | Video

This is an immersive 360 video, so be sure to set the video quality to 2160s resolution for an optimum viewing experience US government debt is now bigger than the debt of any other government in human history. But does the size really matter?

February 1, 2017 | Post

The first thing to clarify is what an interest rate is not.

January 20, 2017 | Post

Donald Trump is president. Here are his six biggest threats to liberty.

January 4, 2017 | Video

Government and media are overwhelming champions of getting a college degree (“investing in your future”), but when 6 in 10 students aren’t graduating within four years, it may not be the right investment for all people. Jared Meyer, author of “Disinherited: How Washington Is Betraying America’s Young” discusses a potential solution to the Student Debt […]