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About this book
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.
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Keywords
Table of contents (12 chapters)
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Front Matter
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Back Matter
Reviews
"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
"Pierre Lemieux's Public Debt Problem is dazzling. With clarity and insight on every page, he tells you why the government has a debt problem, the size of the problem, and the possible solutions. He also makes a strong case for his own solution: cutting the size of government or, failing that, having the U.S. government default on its debts. Read, learn, and prepare." - David R. Henderson, Research Fellow, Hoover Institution and former Senior Economist, President's Council of Economic Advisers
"A powerful warning about the dangers of out-of-control government debt." - Michael D. Tanner, Senior Fellow, Cato Institute, USA
About the author
Pierre Lemieux is an economist affiliated with the Department of Management Sciences of the Université du Québec en Outaouais, Canada, a Senior Fellow at the Montréal 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.
Bibliographic Information
Book Title: The Public Debt Problem
Book Subtitle: A Comprehensive Guide
Authors: Pierre Lemieux
DOI: https://doi.org/10.1057/9781137313027
Publisher: Palgrave Macmillan New York
eBook Packages: Palgrave Economics & Finance Collection, Economics and Finance (R0)
Copyright Information: Pierre Lemieux 2013
Hardcover ISBN: 978-1-137-29806-5Published: 07 January 2013
Softcover ISBN: 978-1-137-29807-2Published: 07 January 2013
eBook ISBN: 978-1-137-31302-7Published: 06 January 2013
Edition Number: 1
Number of Pages: XII, 212
Number of Illustrations: 9 b/w illustrations
Topics: Macroeconomics/Monetary Economics//Financial Economics, International Economics, Economic Policy, Econometrics, Public Finance