By Chris Klein When the Nobel Committee announced that the 2012 Nobel Peace Prize was awarded to the European Union (EU) in recognition of “over six decades [working toward] peace and reconciliation, democracy and human rights in Europe,” followers of European Affairs couldn’t help but wonder who will show up to pick up the gold […]
Debt to GDP – The Red Herring of Red Ink
by Alex Engler In the past year, the United States government spent every penny that it collected. Then it went on to spend an additional $1.1 trillion, generating a deficit equivalent in value to everything produced in Mexico during that same year. Although the fiscal 2012 deficit fell to 7.3 percent of GDP, down from […]