The U.S. National Debt Dilemma
Introduction Economists, investors, and lawmakers are again raising alarm bells about the U.S. national debt. Years of elevated budget deficits,...
archiveand Deficits
What Is the U.S. Federal Reserve?
The U.S. central banking system—the Federal Reserve, or the Fed—is the most powerful economic institution in the United States, perhaps...
The Future of Dollar Hegemony
Exorbitant Privilege The U.S. dollar has dominated global financial markets since the end of World War II. Almost 60 percent...
The U.S. Has Every Reason It Needs to Drop the Debt Ceiling—Both at Home and Abroad
Most governments go to great lengths to avoid default, even on their external debt (the debt owed to foreign creditors)....
