United States America’s Fiscal Train Wreck July 06, 2009 By Richard Berner | Morgan Stanley |New York America’s long-awaited fiscal train wreck is now underway. Depending on policy actions taken now and over the next few years, federal deficits will likely average as much as 6% of GDP through 2019, contributing to a jump in debt [...]
Washington fiddles while the USA burns . . .
July 7th, 2009 · No Comments · Markets
John Cochrane : Fiscal Stimulus, Fiscal Inflation, or Fiscal Fallacies?
March 3rd, 2009 · No Comments · Markets
A stimulating discussion on fiscal stimulus : Fiscal Stimulus, Fiscal Inflation, or Fiscal Fallacies? John H. Cochrane Myron S. Scholes Professor of Finance University of Chicago Booth School of Business john.cochrane@chicagobooth.edu My Webpage Version 2.5 Feb 27 2009 “Fiscal stimulus” is the proposition that by borrowing money and spending it, the government can raise [...]