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“It’s a cinch that a great nation will, in due time, be ruined. Whether it’s Rome, whether it’s Britain in its heyday, they all pass. And, so our turn is bound to come someday. But I don’t like thinking about it too much. It’s like my own death.” 

Not to sound like a broken record, but people should really be worried that the federal government keeps breaking records for annual deficits and long-term debt. The Congressional Budget Office projected Monday…

“I’m very worried about it,” Powell said at The Economic Club of Washington, D.C. “From the Fed’s standpoint, we’re really looking at a business cycle length: that’s our frame of reference. The long-run…

Since 2008, governments around the world have looked for relatively painless ways to lower high debt levels, a central cause of the last crisis. Cutting interest rates to zero or below made borrowing easier to service…

Do deficits matter? Between Republican tax cuts and Democratic spending proposals, U.S. lawmakers act as if the answer is no. Lately, academic economists have echoed the sentiment, advocating …