Debt: the Apocalypse won’t happen
September 15, 2025Collective hysteria about debt is dangerous. More perilous even than debt itself. It reflects a profound misunderstanding of the nature and scale of public debt. Is France sinking inexorably into a “debt swamp”? Will its €3.3 trillion in gross public debt drive it to the edge of the abyss? Is it condemned to drastic budget…
The Debt: Great Absentee of the American Electoral Campaign
October 20, 2024To solve a problem, you must first acknowledge its existence. The American debt, which has reached $35,769,084,471,524 in October 2024, does not concern either of the current U.S. presidential candidates. In fact, the word “debt” has not been mentioned even once in the debate between them. It is also absent from the official…
Europe, the eternal indecisive
May 10, 2024The interests only on their public debt has cost the United States more than $1 trillion in the past 12 months, and these amounts are condemned to increase due to the maintenance, for some time still, of the current level of interest rates. But it doesn’t matter: they have the King $. While we…
No need for electric shocks to reduce public debt
April 23, 2024See for yourself the impressive improvement in the Debt/GDP ratio of Greece and Portugal! Yes, inflation works very well to lighten the burden of public debts, provided we fix the duration of our loans and do not issue inflation-indexed debt. The deprivations inflicted on our populations are much more a matter of punitive intent than…