I've posted quite a few links and comments on deficit spending.
The US federal government is sovereign and therefore does not have to sell debt to finance deficits, counter to popular opinion.
Recently Obama said that the US faced a double-dip recession if the country does not reign in deficit spending.
Quite a few economists responded by explaining the error in his logic.
Today at Naked Capitalism Edward Harrison has a post explaining both the deficit hawk's errors and the different policy options available.
http://www.nakedcapitalism.com/
Subscribe to:
Post Comments (Atom)
-
As many of my readers point out in their comments, Hurricane Florence endangers aging nuclear power plants in the Carolinas. Below find ...
-
The weekend edition of the Wall Street Journal reports that PG&E suffered a massive loss of control of the utility's databases, le...
-
Remember the US embassy staff who suffered sustained brain damage while in Cuba? Cuba denied involvement. Here is an account of what hap...
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.