James Pethokoukis writes at his blog that the current sovereign debt crisis in Europe should provide Americans with an opportunity to reflect on how to deal with their own mounting debt. In short, Pethokoukis’ argument boils down to four points: 1) Cutting spending and raising taxes is a risky formula. It doesn’t have a great [...]
Filed under: Uncategorized | Tagged: political economy, political risk, sovereign debt | 1 Comment »












