Tag Archives: US treasury

Why Deficits Don’t Matter.

by Bob VeresOctober 29, 2013 The whole idea that we should control the deficit at all is costing our nation trillions of dollars in lost output. The result is lost income, savings, wealth and prosperity. “As a society, we don’t … Continue reading

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Federal Debt and Deficit Reduction are Junk Economics.

Deficit cutting is still, precisely, the wrong economic policy prescription in the current weak economy of high unemployment. Whether raising taxes or cutting spending, the effect is the same. It may reduce the deficit but it also removes stimulus in … Continue reading

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IMF’s epic plan to conjure away debt and dethrone bankers

by Ambrose Evans-PritchardThe Telegraph So there is a magic wand after all. A revolutionary paper by the International Monetary Fund claims that one could eliminate the net public debt of the US at a stroke, and by implication do the … Continue reading

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Should Central Banks Cancel Government Debt They Own?

by Gavyn DaviesThe Financial Times As the IMF meetings close in Tokyo this weekend, it is obvious that governments are struggling to find the correct balance between controlling public debt, which now exceeds 110 per cent of GDP for the … Continue reading

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Quarterly Summary to Clients

The economic recovery, if you can call it that, remains very weak with high unemployment. The markets have been volatile due to a number of recent risks and uncertainties. This volatility has been exacerbated somewhat by the sovereign debt crises … Continue reading

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What *IS* QEII?

This Is How QE Really Works By Edward Harrison If you want an accurate explanation of quantitative easing, here it is. I am going to describe the basic mechanics and the transmission mechanism to the rest of the economy. To … Continue reading

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