Addressing the debt ceiling may have been pushed further down the road, but the root causes of America’s debt crisis need urgent attention.
As COVID-19 began raging, people all throughout the world spent tremendous effort thinking about how fast the virus might spread, how mass infections would strain our hospitals, and how many of us might die. Politicians and experts told us that if we did nothing, COVID-19 would kill millions.
In this video, Prof. Antony Davies, from Duquesne University, explains the cost of lockdowns in the United States, both in terms of economic and human life loss. The Congressional Budget Office claims that the cost of shutting down the economy in addition to approved relief packages is around 15 trillion US dollars. But when we think of this gigantic figure and contrast it with the estimated number of deaths caused by COVID-19, we have to ask ourselves: was this the best use of funds?
You will see and feel how all of these numbers and arguments translate into reality in this exclusive and interactive 360° video.
Remember the mid-2000s housing crash that wiped out homeowners? Well, there’s another bubble getting ready to pop, and this one’s in student debt. Prof. Antony Davies explains.
Myth 1 is that the government owes “only” $20 trillion. (In reality, it’s much more.) But luckily, Myth 10 is that there’s no way to fix this problem…
Last week, Canada elected a new Liberal Prime Minister, Justin Trudeau, who has vowed to massively boost public spending and run several years of deficits, arguing that the “infrastructure deficit” is bigger than the fiscal deficit. He claims that such stimulus spending will spur economic growth. But in the video below, economist Stephen Davies looks […]