GAO report looks at emerging issues confronting U.S.
The Government Accountability Office has issued a new report looking at a dozen issues and trends that could affect the nation in the next four years. Among the topics: how…
Inflation is bad, and embracing it is even worse
Federal Reserve chairman Jerome Powell said the time has come to retire the word “transitory” when it comes to talking about inflation and instead discuss ways to tame rising prices,…
Federal government keeps racking up more debt
Even as more economic focus is placed on roaring inflation, a familiar, but just as destructive, story on federal spending and debt continues to play in the background: The federal…
On economic illiteracy and government debt
When governments run deficits, paying for current programs with borrowed money, they impose burdens on future taxpayers. Those unlucky souls have to repay that money, with interest. How do they…
The debt ceiling kerfuffle hides a much bigger problem
The federal debt ceiling is back in the headlines, and the possibility the U.S. will default on its debt payments has some people ready to panic. As Cato’s David Boaz…
