Milton Ezrati

There is no “tipping point,” after which the national debt will spiral out of control. Nevertheless, its relentless and excessive growth will slowly paralyze the American economy.

The former European Central Bank president correctly identifies many of the EU's economic weaknesses. His solution, however, relies too much on rigid industrial planning. 

Forecasts of imminent Chinese dominance are undermined by multiple and severe structural crises.

Forecasts of imminent Chinese dominance are undermined by multiple and severe structural crises.

The federal government’s outstanding financial obligations now total some $34 trillion, about 123 percent of the nation’s gross domestic product (GDP), near a historic record. Is a financial crisis possible?

Presently, thoughts of recession have receded under a tremendous flow of good economic headlines. Those headlines, however, do not tell the whole story, which is not nearly so sunny. It would be a mistake to dismiss the prospect of economic trouble sometime soon—even recession.

Success for the yuan would require significant financial changes that China is clearly not ready for.

Though President Joe Biden has kept Donald Trump’s questionable tariffs in place, he has not lifted a finger to stem China’s ongoing theft of American technology and intellectual property.

There is no reasonable mechanism that can guard against the boom and bust cycle, and certainly not those Washington put in place after the last crisis. Regulation is simply inadequate to the task.

Though the rise in new infections is troubling, it would need to go a lot further than it has before it could reasonably warrant any measures to rein an economy that is otherwise making excellent (and gratifying) progress coming back from the effects of last year’s Covid restrictions.