Skip to main content

The Tradeoffs of a Higher Federal Debt


2021 has a lot of fiscal policy. Economists trying to discuss what impact this would have on the supply side and what inflationary impacts might result. Looking at impact to US economy and to economies of OECD and EM. Exploring if/when/how the debt will wind down in the future.


People in the discussion:

  • Moderator: Raghuram Rajan, University of Chicago and NBER
  • Lawrence H. Summers, Harvard University and NBER
  • Carmen Reinhart. World Bank and NBER
  • Richardo Reis, London School of Economics

Labels:

Comments

Post a Comment

Popular posts from this blog

Milton Friedman's Social Responsibility of Business Revisited

In the wake of BLM, many corporate executives are standing up for social and political causes. Most recently, many companies released statements disapproving of Georgia's voter restricting laws. Despite being a fan of socially aware corporations, the many corporations allying themselves with social causes never sat well with me. Finally The Economist published an article that best explains my reservations. The Economist leans heavily on Milton Friedman's corporate obligation for profit maximization, which until 2020 I dismissed as being outdated in the modern era. Government is not particularly good at regulating new unknown technology/industries and the idea that Congressmen could ever properly regulate Facebook, Amazon, Microsoft, Tesla, and the like seemed infeasible to me. A few years ago I am sure The Economist would have been more sympathetic of my dismissal but it seems like they have changed their mind. Give it a read! I linked the original Times article as well as the ...
Post a Comment
Read more