The National Debt Versus the Budget Deficit

It has come to our attention that there are some people out there in these slightly tarnished but still pretty darn good United States that are a little fuzzy about the difference between the national debt and budget deficit. Don't be ashamed to admit it....

Inflating Away Debt Doesn't Work in the Real World

This fanciful notion held by some commentators, and apparently deeply believed by some economists, that the United States can simply inflate away the debt will be permanently maimed by an insurmountable obstacle – it doesn't work. The problem with inflating away...