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Saturday Quiz – December 12, 2015

Welcome to the Billy Blog Saturday Quiz. The quiz tests whether you have been paying attention over the last seven days. See how you go with the following questions. Your results are only known to you and no records are retained.

1. For the US private sector to reduce its overall overall debt levels, the government must run a deficit.

2. Larger fiscal deficits as a percentage of GDP reduce the local productive resources that are available to the private sector.

3. A national government that issues its own currency and freely floats it on foreign markets never faces a risk of insolvency.

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    This Post Has One Comment
    1. Bill,
      You may be interested in this edition of HardTalk on the BBC which had Ouided-Bouchamaoui, nobel peace prize laureate from Tunisia, explaining that the primary cause for the large number of Tunisian recruits to ISIS and other groups was unemployment in Tunisia. If you try to say that about European recruits, you get accused of making excuses for them.

      Kind Regards

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