| Thursday July 30, 2020 at 10:24 AM PDT
After running up the national debt by more than three trillion dollars in the past four months, some U.S. senators are starting to have second thoughts about whether that borrowing might have some negative effects for the nation’s economy. It is a good concern to have, especially since the U.S. Congress is currently negotiating...Read More »
| Monday October 14, 2019 at 9:45 AM PDT
The Fed’s emergency liquidity injection, combined with rate cuts and its additional purchases of U.S. Treasuries, constitutes the return of quantitative easing.
Randall G. Holcombe
| Thursday December 2, 2010 at 7:20 AM PST
Even President Obama, the architect of our $1.4 trillion deficit, sees that it is a problem. One indication is his call for a two-year pay freeze for federal workers. (This seems like a tactical error, in that it will have hardly any actual effect on the deficit, and will antagonize federal workers, who would...Read More »