US fiscal policy may burst asset bubble
Desmond Lachman | Official Monetary and Financial Institutions Forum
If there is one point on which almost all economists can agree, it is that a country’s trade balance is the difference between its savings and its investment rates. By following policies that increase the budget deficit and reduce the country’s savings rate, Washington is increasing the probability that the US will return to the twin deficit problem of the 1980s. That raises the chances that the administration will intensify its protectionist stance on trade policy when the country’s trade deficit widens.
Desmond Lachman | Official Monetary and Financial Institutions Forum
If there is one point on which almost all economists can agree, it is that a country’s trade balance is the difference between its savings and its investment rates. By following policies that increase the budget deficit and reduce the country’s savings rate, Washington is increasing the probability that the US will return to the twin deficit problem of the 1980s. That raises the chances that the administration will intensify its protectionist stance on trade policy when the country’s trade deficit widens.
Don’t Hold Your Breath for Trump to Shrink the Trade Deficit
Desmond Lachman, The Hill
The End of Big-State Liberalism
Dominic Green, CapX
Desmond Lachman, The Hill
The End of Big-State Liberalism
Dominic Green, CapX
Global Aging And Fiscal Solvency
by Martin Feldstein via Project Syndicate
Countries that rely on pay-as-you-go public pension systems are running up against two problems: increasing life expectancy and rising old-age-dependency ratios. How can such systems be sustained without massive tax increases?
by Martin Feldstein via Project Syndicate
Countries that rely on pay-as-you-go public pension systems are running up against two problems: increasing life expectancy and rising old-age-dependency ratios. How can such systems be sustained without massive tax increases?
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