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Is sovereign default inevitable? – III

This third part of this series of articles discusses, among other things, the subject of services imports. As usual, I firmly believe that this position is not the result of…

Is sovereign default inevitable? – II

The first Prime Minister of India, Pandit Jawaharlal Nehru, said the following on the occasion of abolition of zamindari system in his country’s largest state, UP, in 1952: “I was…

An All-time High

An all-time high

Student loan debt has just reached an all-time high of $1.465 trillion. That’s double the $675 billion in loan debt amassed in June 2009, according to a recent report from…