The Public Debt Problem A Comprehensive Guide 1st Edition by Pierre Lemieux ISBN 1137313021 9781137313027
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Product details:
ISBN 10: 1137313021
ISBN 13: 9781137313027
Author: Pierre Lemieux
The European public debt problem was in the making long before the 2007-2009 recession, as budget deficits had become endemic. A similar crisis is now developing in America, where the same fundamental causes have been at work. The Public Debt Problem analyzes the situation of public debts in America and reviews official forecasts for the federal government. The author carefully explains the main concepts (budget deficit, public debt, etc.) and analytical tools (discounting, government accounting, Treasury securities, bonds, yields, etc.) necessary to understand the issues.
Table of contents:
Cover
Title page
Copyright
Contents
List of Charts
Foreword and Acknowledgments
Acronyms
1 The Genie Out of the Bottle
2 Understanding the Public Debt
3 Lessons from Europe (and Elsewhere)
4 The Hidden Welfare State
5 Federal Outlook: The Naked Emperor
6 The Emperor’s Praetorians
7 The Sovereign’s Bankers
8 Reducing Expenditures: Mission Impossible?
9 Inflating the Debt Away
10 Contagion: When the Emperor Coughs
11 The Least Bad of All Possible Worlds
12 Opportunities
Notes
Bibliography
Index
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Tags: Pierre Lemieux, Public Debt, Problem, Comprehensive Guide