Knowledge Base / Economics

Government Debt

Sovereign borrowing and deficits — Clem on the bill that eventually comes due.

• The Exorbitant Privilege or Curse of the US Dollar

  The dollar is the global reserve currency.

  03 August, 2025

• Tariff Truce: Economic Strategies in Uncertain Times

  What follows is about trying to make money or at least preserve capital in the current unpredictable times, it is not an attempt at a political critique of these wild times.

  18 May, 2025

• Strange Debt: Understanding National Debt Myths

  What could be stranger than realising a commonly understood and accepted truth is in effect nonsense.

  05 December, 2024

• Contrarian Views on the UK Economy and the Federal Reserve

  We find ourselves in the Lap of the Gods.

  24 October, 2022

• The UK Canary in the Federal Reserve Coal Mine

  Miners used to keep Canaries in their mines because the bird had very fragile lungs and when the air became toxic the bird would fall off its perch dead, long before the miners would start to collapse.

  13 October, 2022

• Dr Strangedebt or How I Learned to Love the US National Debt

  Sometimes you hear something that changes your whole point of view.

  11 February, 2015

• The Consequences of a Greek Default

  The new Greek government of Syriza is not, at least yet, playing ball with the EU and its attempt to bail out Greece.

  01 February, 2015

• Germany's Fiscal Discipline: A Model for the West

  Something fascinating just happened in Germany.

  13 January, 2015

• Is America Inc. on the Brink of Bankruptcy?

  It has been troubling me that President Obama seems to look so sour all the time.

  06 September, 2013

• Five Lessons From the Cyprus Crisis

  Cyprus is the crisis of the week. Bailout or bail-in, one thing is for sure there will be winners and losers and justice won’t be done.

  24 March, 2013

• The Consequences of a Growing State: Cyprus in Focus

  Cyprus is clearly in trouble but how did it exactly get where it is today?

  22 March, 2013