Conventional wisdom in Washington and New York is that a US default on its interest payments due to bond investors is unthinkable. Editorial after editorial proclaims that a US default...
Cyprus is the latest European country to face a budget and banking crisis. Its deregulated banks have accumulated huge losses and now face imminent bankruptcy. Like the United States government,...
In theory the federal government will bump up against the debt ceiling in late February or early March. Ever since George Bush's 2001 tax cuts the government hasn't collected enough...
America has finally started talking about a financial transactions tax (FTT) on Wall Street. About time. Academics have always known that FTTs are among the most efficient, best-targeted, least painful...
