According to the Department of the Treasury, the current US national debt is $31.4 trillion, which is visualized below.
According to new reports, Sergio Massa has promised that Argentina will stop printing money amid the current 60% inflation, which was caused by the Fernández administration's reliance on money printing to pay off the nation's escalating fiscal debt.
It’s been a rough year for advocates of Modern Monetary Theory (MMT). After nearly two years with all the budget deficits and money printing MMTers could have wanted, the doctrine’s popularity seems to have faded now that we’re well passed the honeymoon phase. 2022 has clearly demonstrated that creating a lot of new money and running massive government deficits does, in fact, come at a cost. We should let this theory die before it causes any more destruction.
Mark Zandi, chief economist at Moody’s Analytics, said that if the US defaults on its debt, no corner of the global economy will be spared.
If the debt crisis roiling Washington were eventually to...
A senior trade official today said that real-time digital transactions that India does are more than that are done in the US, China, and Europe put together.
Using data from the Bureau of Economic Analysis, Govind Bhutada of Visual Capitalist has visualized US GDP by industry in 2023.
The largest GDP in the world...
Sri Lanka's current economic crisis has emerged as a result of years of poor economic management. The timeline below considers the factors behind it.
With the national debt of the world's reserve currency soon expected to exceed $32 trillion, some are predicting a potential $20 trillion dollar global financial collapse.
The Inflation Reduction Act provides hundreds of billions of dollars to combat global warming. Some climate activists describe it as "transformative." Here are the winners and losers in the 'Inflation Reduction Act.'
Major US banks have reported mixed results for the fourth quarter, as bank executives pointed to the rising odds of a "mild recession," with inflation and interest rate hikes challenging households and businesses. It seems like big US banks are preparing for a mild recession.
