The strategic prospects for the US (or any) economy can be evaluated by reference to the financial balances of its main sectors, which are related to one another by a consistent accounting system. The 1992-2000 expansion, accompanied by a rising budget surplus, was greeted by a storm of...

Articolo originariamente pubblicato in Moneta e Credito, vol. 57 n. 226, giugno 2004, pp. 151-160.