Tag: Debt

Diamonds and the Treasury Debt Ceiling: Why Nothing Has ‘Intrinsic Value’ in Economics

Diamonds and the Treasury Debt Ceiling: Why Nothing Has ‘Intrinsic Value’ in Economics The U.S. Treasury Department has just issued an urgent letter requesting a lift on the debt ceiling, warning Congress of imminent financial collision in September as federal cash is running out. Though this scenario has played out […]

In a World Where Central Planners Push Debt, Cryptocurrencies Look Better Every Day

In a World Where Central Planners Push Debt, Cryptocurrencies Look Better Every Day Economists have been predicting a worldwide recession which could pose a risk to financial stability throughout various countries. Fear of an economic downturn has caused the central bank of Australia to cut interests rates on Tuesday and […]

Irresponsible Borrowing Leaves Africa on Brink of Debt Crisis – Again

Irresponsible Borrowing Leaves Africa on Brink of Debt Crisis – Again Irresponsible government borrowing has caused debt in many African countries to reach crisis level. Over the past 10 years, more than $ 80 billion in bonds have been issued to thirsty European investors by governments in Africa south of […]