Russ Roberts is Wrong

Arnold Kling

PRINT EMAIL

Sympathy for the Nobelist...

Should Macroeconometric Models...

Home
| EconLog
| Archives
| Permanent Link and Comments

He writes,

The U.S. government borrows money easily because we're the tallest pygmy. But if we keep spending money like a drunken sailor, we will get shorter and more responsible nations will soon tower over us.

We are not the tallest pygmy. According to this story, our government's credit standing is already below that of Canada, Germany, France, New Zealand, and Switzerland.

Comments and Sharing

CATEGORIES: Cross-country Comparisons , Fiscal Policy

COMMENTS (3 to date)

Latest Comment

geckonomist writes:

the USA borrows easily because the federal reserve buys the debt, (in-)directly.

The day this scam collapses, you'll have to look for the pygmy with a microscope.

Posted February 3, 2010 10:32 AM

spencer writes:

That is the reason the spread between US and German 10 year bonds is now + 27 basis points, almost exactly in the middle of the +/- 100 basis point spread that has prevailed over the last 20 years,

Posted February 3, 2010 11:29 AM

Dave writes:

Ouch, France...

The Economist's Buttonwood writer has been trying to find a system for ranking debt risks, and finds that the US is arguably in a worse position than France, Belgium, Germany, Austria, Denmark, New Zealand, Netherlands, Finland, Australia, Canada, Sweden, Switzerland, and Norway. Japan and Ireland look the worst.

Posted February 5, 2010 10:58 PM

Comments for this entry have been closed

Read comments

Return to top