The Public Debt Problem : A Comprehensive Guide Paperback

India

Pierre LeMieux

The European public debt problem was in the making long before the 2007-2009 recession, as budget deficits had become endemic. A similar crisis is now developing in America, where the same fundamental causes have been at work. The Public Debt Problem analyzes the situation of public debts in America and reviews official forecasts for the federal government. The author carefully explains the main concepts (budget deficit, public debt, etc.) and analytical tools (discounting, government accounting, Treasury securities, bonds, yields, etc.) necessary to understand the issues.

1137298073

9781137298072

English

Palgrave MacMillan

22 Jan 2013

212

Pierre Lemieux is an economist affiliated with the Department of Management Sciences of the Universite du Quebec en Outaouais, Canada, a Senior Fellow at the Montreal Economic Institute, and a Research Fellow at The Independent Institute (Oakland, California). He is author of several books published in Paris, France, as well as several newspaper and journal articles.

Like many of the world's social democracies, the United States is hurtling toward a major public-debt crisis. Lemieux clearly and convincingly explains why and then lays out the probable consequences. His book, The Public Debt Problem, contains enough overwhelming evidence and analysis to give all but the most stubborn fiscal-crisis denier second thoughts. - Jeff Hummel, Associate Professor of Economics, San José State University, USA