By Jacob Patterson-Stein Things seem to be going well for Mexican President Enrique Peña Nieto. Within months of taking office, almost every major news organization published an “Aztec tiger” article citing Mexico’s impressive economic growth rate, increased foreign investment, and growing middle class. Even with the inevitable backlash to this “blue skies” reporting in the […]
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 […]