Debt

Massive Debt Explosion and Neoliberal Policy Impact Explored by Political Economists

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DENVER, COLORADO – Political economists Radhika Desai and Michael Hudson engage in a detailed discussion about the significant escalation of debt in the United States and around the world, shedding light on how neoliberal economics fosters extensive bubbles based on speculation and asset-price inflation. In their latest Geopolitical Economy Hour episode, Desai and Hudson delve … Read more

U.S. Government’s Credit Rating Downgraded: No Shock Here

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A congressional watchdog had repeatedly cautioned lawmakers about the nation’s spending and debt levels. Recently, Fitch Ratings, a major credit rating agency, downgraded the United States government’s credit rating from AAA to AA+. This decision was based on several factors, including the high national Debt, ongoing deficits, and a perceived “erosion of governance” in the … Read more