Category:Debt and Spending
Featured On Demand Program of the Week: Personal Finance
December 14, 2015 | Post
Have you ever wondered how to save for retirement and avoid debt? Well, this is the place for you. If you’re drowning in debt (and who isn’t, right?), unfortunately doing bank heists and selling crystal meth are out as solutions. So how do you get out? Join economist Art Carden of Samford University as he […]
A Five Minute Crash Course on the Greek Crisis
November 3, 2015 | Post
The economic and financial turmoil in Greece has been in and out of headlines frequently over the last few months. The Greeks claim austerity measures have only made things worse, while the EU claims Greece continues to fail the austerity measure put in place to receive future bailouts. In this video, we explain what has […]
Greece Should Default
November 2, 2015 | Post
Newly reelected Greek Prime Minister Alex Tsipras expects that by early 2017 Greece will be able to access bond markets, from which it has been virtually cut off since it lost investor confidence in 2010. If it is unable to meet this timeline, it will be forced to rely on further bailouts or go bankrupt. […]
‘Loonie’ Canadians Elect Spendthrift Regime Despite Success with Cutting Spending
November 2, 2015 | Post
Last week, Canada elected a new Liberal Prime Minister, Justin Trudeau, who has vowed to massively boost public spending and run several years of deficits, arguing that the “infrastructure deficit” is bigger than the fiscal deficit. He claims that such stimulus spending will spur economic growth. But in the video below, economist Stephen Davies looks […]
New York Times’ Solution to Fiscal Problems: Eat the Rich
October 28, 2015 | Post
The New York Times came out with an article last weekend claiming how much good raising taxes on the country’s wealthiest could do: [W]hat could a tax-the-rich plan actually achieve? As it turns out, quite a lot… the government could raise large amounts of revenue exclusively from this small group, while still allowing them to […]
Deficit Day
October 27, 2015 | Post
What happens when the government spends all of the tax revenue it collects? In 2013, the U.S. budget deficit was $680 billion dollars! Who eventually pays for this difference in tax revenue and government spending? Professor of Economics at Duquesne University Antony Davies explains in the following video on the worst fiscal milestone of every […]