sovereign debt

April 01, 2016

How should governments address sovereign debt?

Despite Greece being the current poster child for sovereign debt, national debt crises are nothing new and won’t be going away anytime soon. Governments habitually solicit capital loans only to default. Continue Reading...

October 05, 2010

Samuel Gregg: Europe’s Broken Economies

Acton’s Research Director in the American Spectator: Europe’s Broken Economies By Samuel Gregg During September this year, much of Europe descended into mild chaos. Millions of Spaniards and French went on strike (following, of course, their return from six weeks vacation) against austerity measures introduced by their governments. Continue Reading...

September 08, 2010

Video: Samuel Gregg on Europe’s Economic Crisis

Until recently, many thought that Europe had escaped the worst of the 2008 financial crisis. Some even argued that the crisis has demonstrated the European social model’s superiority over “Anglo-Saxon capitalism”. Continue Reading...

August 19, 2010

Deficits, Debt, and Self-Deception

This week’s Acton Commentary: Deficits, Debt, and Self-Deception By Samuel Gregg It passed almost unnoticed, but in late July the Obama Administration raised the Federal Government’s budget deficit forecast for fiscal year 2011 to $1.4 trillion. Continue Reading...

July 20, 2010

The Greek Debt Song

The birth of a new genre: econo-psychobilly bouzouki music. Opa, you all! For more great Merle Hazard tunes, check out his website. They don’t call him “The Man in Beige” for nothing. Continue Reading...

April 30, 2010

Top 10 Reasons to Rely on Private Sector Markets

This week’s Acton Commentary from Baylor University economics professor John Pisciotta: Americans have less confidence and trust in government today than at any time since the 1950s. This is the conclusion of the Pew Research Center survey released in mid-April. Continue Reading...

April 28, 2010

Re: Die Hard — The Welfare State

News reports today on the Greek debt crisis are packed with scary terms like “implosion” and “financial doomsday” and “ebola” and “contagion.” The anxiety has ratcheted up considerably this week, and not just for EU heads of state but also for President Obama. Continue Reading...

April 14, 2010

Government debt: We’re all in the same (leaky) boat

Edmund Conway, economics editor of The Telegraph, looks at a new analysis of government debt by Dylan Grice of Societe Generale. The charts are eye popping. It’s not just a Greek, or EU problem. Continue Reading...