Tyler Cowen’s interesting point regarding fiscal borrowing and government debt:
“A government bond represents both a current asset and a future liability, yet for most people, those future tax payments feel less concrete and less real than the dollars they’re holding in a money market account.”
On the question of whether massive government intervention in 2009-2010 was worthwhile, see this interesting piece by Alan Greenspan (International Finance, Spring 2011 issue)
On the question of whether massive government intervention in 2009-2010 was worthwhile, see this interesting piece by Alan Greenspan (International Finance, Spring 2011 issue)