Can Classical Economics Explain the Approaching Fiscal Disaster?

29/01/2024 9 min Episodio 2155
Can Classical Economics Explain the Approaching Fiscal Disaster?

Listen "Can Classical Economics Explain the Approaching Fiscal Disaster?"

Episode Synopsis

There is a lack of buyers for US Treasury debt. Rating agencies have recently downgraded the US debt, and entitlement benefits’ “trust funds” will go into the red in a few years. The classical economists offer few answers to the depth of this problem.  Original Article: Can Classical Economics Explain the Approaching Fiscal Disaster?