The Policy Debate: What Policies Will Reduce the Debt Burden & Promote Economic Growth
Left-leaning: Grow economy and improve fiscal sustainability with mix of private sector incentives, and government investments, selected tax increasesRight-leaning: Grow economy and improve fiscal sustainability through tax cuts, investment incentives, and slowing government spending Comprehensive Plans to Address the National Debt (pgpf.org) Collection of studies from 7 think tanks across…
The Policy Debate: What Policies Will Reduce the Debt Burden & Promote Economic Growth
Left-leaning: Grow economy and improve fiscal sustainability with mix of private sector incentives, and government investments, selected tax increases Right-leaning: Grow economy and improve fiscal sustainability through tax cuts, investment incentives, and slowing government spending Comprehensive Plans to Address the National Debt (pgpf.org) Collection of studies from 7 think tanks…
Latest Articles
Debt & Deficit Primer (part 2). Measuring the risks of prolonged debt- financed government spending. The important concept here is “fiscal sustainability”, which basically says that if the interest rate on the debt is less than nominal GDP growth, the relative debt burden is improving. From Professors Cecchetti & Shoenholtz:…
Debt & Deficit Primer (part 1). Recent visuals of US government debt and deficits over time, with explanation. Debt & Deficit Charts, COVID Relief Spending, Breakdown of Federal Spending & Tax Revenues (Visual Capitalist) Debt Clock & Reasons for US Federal Debt Growth (Peter G Peterson Inst) Lesson in Measuring…
I will address as subtopic income & wealth separately. Recent paper arguing to include social security. Add Yardeni’s analysis of relatively new Fed database of household accounts, how the data changes distribution of equity market ownership. Also Piketty’s widespread analysis of inequality, etc.
