fiscal policy

Every government faces three levers — and must pick at least one

Debt interest is a tax today, not a problem for grandchildren

Cutting spending in a weak economy compounds the original damage rather than clearing it.

What matters is not the tax rate but what the tax buys.

A national economy is not a household — your spending is someone else's income.

All economies follow predictable long-term debt cycles that end in restructuring or devaluation