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No One Cares About the National Debt, Right?

(AP Photo/Jacquelyn Martin) Writing an article about the national debt is ridiculous. Nobody will read it, fewer will understand it. And those who do will have a knee-jerk reaction to it. It matters or it doesn’t matter. The Paul Krugman school of “guilt-free spending” envisions the devil on politicians’ shoulders whispering in their ears to “spend, spend, spend.” The angel on the other shoulder that’s supposed to whisper “no, no. no” has fallen asleep. There are few constraints on spending and any old fuddy-duddies who make a stink about multi-trillion-dollar bills are dismissed as cranks or party poopers.

中共势力威胁台湾新闻自由 中华民国政府反击 | 中共威胁 | 假新闻 | 假消息

中共势力威胁台湾新闻自由 中华民国政府反击 | 中共威胁 | 假新闻 | 假消息
epochtimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from epochtimes.com Daily Mail and Mail on Sunday newspapers.

中共势力威胁台湾新闻自由,台湾政府开始反击

中共势力威胁台湾新闻自由,台湾政府开始反击
voachinese.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from voachinese.com Daily Mail and Mail on Sunday newspapers.

中共勢力威脅台灣新聞自由 台灣政府開始反擊

中共勢力威脅台灣新聞自由 台灣政府開始反擊
voacantonese.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from voacantonese.com Daily Mail and Mail on Sunday newspapers.

China Creates its Own Digital Currency, a First -2-

China Creates its Own Digital Currency, a First -2- 04/05/2021 | 09:03am EDT Send by mail : Message : Required fields The digital yuan could give those the U.S. seeks to penalize a way to exchange money without U.S. knowledge. Exchanges wouldn t need to use SWIFT, the messaging network that is used in money transfers between commercial banks and that can be monitored by the U.S. government. The chance to weaken the power of American sanctions is central to Beijing s marketing of the digital yuan and to its efforts to internationalize the yuan more generally. Speaking at a forum last month, China s Mr. Mu, the central bank official, repeatedly said the digital yuan is aimed at protecting China s monetary sovereignty, including by offsetting global use of the dollar.

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