ACC Archives

Tag: Debt
Crony Socialism: Yuri Maltzev (VIDEO)

Crony capitalism in many respects is a form of socialism actually. “Crony capitalism” is a nice way of saying “fascism” or “fascism-lite”. Fascism, despite the wailing of many a newly minted “socialist” is socialism. The Nazis for instance did not...

Everyone Has Forgotten the Downside to Debt

“The only people who care are the libertarians, who seem horribly out of touch.”* Debt? You mean there are consequences associated with this stuff? (From Bloomberg View) It looks like trillion-dollar deficits are going to be a staple of the U.S....

Hoover Economist: National debt situation is dire

We have a ton of debt. Much more than a ton, many tons. And it is currently financed at favorable rates. But rates go up and are likely to go up soon. Then that debt becomes much more expensive....

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