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Mr. Bernstein was the chair of President Joe Biden’s Council of Economic Advisers from 2023 to 2025. Budget hawks have fretted for decades about America’s deficits and debt, repeatedly advising our ...
Celebrations are everywhere this week as BTC/USD passes $120,000 for the first time in a giant surge higher. All-time highs ...
Americans are carrying more debt than ever before. According to the Federal Reserve Bank of New York, household debt hit ...
Gold is the universally acknowledged asset to consider, but the Swiss Franc is also fulfilling this function. Going forward, ...
The co-founder of online prenuptial agreement startup Jointly talks about leaving Big Law, tracking spending as a system, and ...
The federal budget deficit is back in the spotlight after the Republican-controlled Congress approved a massive tax and ...
The U.S. government’s debt is not a cause for concern, as it is self-funded and the Federal Reserve can always step in to ...
Hankyoreh English Edition on MSN2d
Will debt really be the US’ downfall?
People have been wringing their hands about the US’ imminent debt crisis for decades now. But the US weathered the 2008 financial crisis and remains standing. It also has never defaulted on its debts.
We present new evidence on the impact of fiscal variables on long-term interest rates and term premia in the United States. To alleviate endogeneity problems, we follow the seminal methodology by ...