For more complete analysis, you might want to read the essays by Mervyn King and Joseph Stiglitz mention in this article. Paul Krugman has been making these same points for sometime.
The Brexit question nobody asked.
Sunday, August 21, 2016
Saturday, August 20, 2016
Friday, August 19, 2016
Thursday, August 18, 2016
Monday, August 15, 2016
Saturday, August 13, 2016
Monday, August 8, 2016
We Need to Borrow More and Right Now!
"Put these two facts together — big needs for public investment, and very low interest rates — and it suggests not just that we should be borrowing to invest, but that this investment might well pay for itself even in purely fiscal terms. How so? Spending more now would mean a bigger economy later, which would mean more tax revenue. This additional revenue would probably be larger than any rise in future interest payments."
Time to borrow.
Time to borrow.
Sunday, August 7, 2016
Saturday, August 6, 2016
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