Connect with us

Hi, what are you looking for?

World News

There Are No Constraints on Us Government Borrowing

In this week’s episode, Mark reviews what people have said about Fitch’s downgrade of US government debt. Mark sees it as a good thing, but not good enough. The “minor issue” in the latest debt ceiling agreement is ignored by the mainstream media: politicians suspended the debt ceiling into 2025, rather than raising it to some arbitrary, higher figure.

Be sure to follow Minor Issues at Mises.org/MinorIssues.

You May Also Like

Editor's Pick

Gene Healy Last week, the New York Times ran a front-page story admiring President Biden’s political acumen on culture-war issues (“Biden Sidesteps Any Notion...

Editor's Pick

David Boaz I’ve written before about whether athletes take state taxes into account when they weigh competing offers. Here’s another example: Grant Williams left...

Editor's Pick

Jeffrey A. Singer On the same day that the Food and Drug Administration allowed women over‐​the‐​counter access to one progestin‐​only birth control pill, Rep....

Editor's Pick

Marc Joffe Last week the House Appropriations Subcommittee on Transportation, Housing and Urban Development, and Related Agencies approved a Fiscal Year 2024 budget that forbids...