The difficulty lies not so much in developing new ideas as in escaping from old ones. John Maynard Keynes New House Speaker Kevin McCarthy has been engaged in talks with the White House over the past couple weeks, in an effort to prevent the US government from ‘defaulting’ on its debt later this year. As has happened many times over the last few decades, the … Continue reading Does the Debt Ceiling Matter? Yes and No (and probably not the way you’re thinking)