Italian Government -8.8% Q1 fiscal deficit seems way out of order
The quarterly non-financial sector account summary of Italy’s General Government account gives a brief concise framework of Italy’s public finances and the main economic factors. What caught the eye of keen observers has been the out-of-the-ordinary Q1 fiscal deficit balance…
Economies with persistent large deficits financed by borrowing, become prone to sustained higher inflation
Economies with persistent large deficits financed by borrowing, become prone to sustained higher inflation. When deficits become too large eventually there’s no amount of money printing that plugs the deficit hole. U.S. Balance of trade U.S. Budget Expenditure to GDP…