Now that the U.S. national debt is in the headlines, the media is awash in astronomical numbers such as $14.3 trillion (the current debt). Everyone realizes that this number is incomprehensible. Even back in 1981, when the national debt was only about $1 trillion, the debt was still incomprehensible. Thus, speechwriters for Ronald Reagan created, or at least popularized, a widely used attempt to give it meaning
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Sunday, July 24, 2011
Tuesday, July 19, 2011
Male Organ and Economic Growth: Does Size Matter? Tatu Westling University of Helsinki
Enter Link
https://helda.helsinki.fi/bitstream/handle/10138/27239/maleorga.pdf?sequence=4
This article was also posted on Greg Mankiw's Blog and you can see that what Balkan people lack in money the compensate it in other ways. A very scientific approach, a bit raw but very true.
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Sunday, July 17, 2011
Too Much Debt Means the Economy Can’t Grow: Reinhart and Rogoff
As public debt in advanced countries reaches levels not seen since the end of World War II, there is considerable debate about the urgency of taming deficits with the aim of stabilizing and ultimately reducing debt as a percentage of gross domestic product.
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European Bank Stress Test; Only Eight? Europe Is In Peril!
One does not have to dig too deep to discover the exposure level of the banks from the “big” European nations, France, Germany and the UK. Liability risk to the nations that have already been bailed out i.e. Greece, Ireland and Portugal sums to €500Bn
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