Tag: U.S. Federal Reserve
Red Flags Raised Over National Debt’s Rapid Rise
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...
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The Financial Virus Will Infect Our Politics
One does not need to be prescient to understand that the consequences of the U.S. government’s financial response to the coronavirus will be momentous. The U.S. Federal Reserve recently announced nine new “facilities” (lending programs) and its balance sheet has surpassed the $6 trillion mark. Even the maniacal asset-buying of the post-financial crisis years...
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