Will Paterson take his pay in IOUs instead of cash?
Roger Kimball writes about The age of the IOU, or chickens/roost, and “anarchy literally” Via Instapundit, I read that Governor [David] Paterson has suggested that the great state of New York may have...
View ArticleHow big is the debt? VIDEO
Simple and to the point, by economic professor Anthony Davies, Just How Broke Are We? You Cannot Even Begin to Imagine It 25095
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Brazil holding $200billion in US treasuries
Brazil is the fourth largest sovereign creditor of the US, holding more than $200 billion in Treasuries, which is good news for Brazil, since its economy has been growing enough that the country can do...
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