Given low interest rates and the still-weak U.S. economy, it will be tempting for the U.S. government to continue running deficits and issuing additional debt. At some point, however, investors will recognize this behavior for the Ponzi scheme it is.Continue reading here.
Monday, December 5, 2011
Eichengreen on U.S. Fiscal Policy
Barry writes:
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment