All Commentary
Friday, March 25, 2011

Cash-Strapped Japan Could Unload U.S. Debt


“Some lawmakers and market analysts are expressing rising concerns that a demand for capital by earthquake-ravaged Japan could lead it to sell off some of its huge holdings of U.S.-issued debt, leaving the federal government in an even tighter financial pinch.” (Washington Post)

Gosh, they may have to get serious about cutting spending.

FEE Timely Classic
“Democracy, Deficit, and Debt” by Steven Horwitz