The national debt’s burden is best measured by the debt-to-GDP ratio, which compares the total debt to a country’s […]

The majority of the national debt is held by U.S. domestic investors, including private individuals and institutions, and […]

The term “national debt” refers to the outstanding financial obligation of a country. The national debt is what the […]

The United States national debt primarily includes “debt held by the public” and “intragovernmental debt,” but it excludes […]

The history of debt in the United States dates back to the Revolutionary War, with the government borrowing money […]

The “ugly truths” about the Federal Reserve often point to its contribution to economic cycles and asset bubbles […]

The Federal Reserve is an independent central bank and an independent federal government agency. It operates independently of the Executive […]

Before I begin this chapter, I think it is important that I discuss the origins of capitalism. Precursors […]

The Colonial Economy In 1600, there were few Europeans in territory that became the United States. That situation changed […]

Early 19th Century The United States economy was mostly agricultural with increasingly industry throughout the first third of […]