Veronique de Rugy is the George Gibbs Chair in Political Economy and a senior…
While the GOP controls the White House, House, and Senate, the path ahead is fraught with political and fiscal obstacles.
When bondholders don’t see a credible fiscal path to be repaid for current and future government debt, they expect that eventually the central bank will create new money to buy those government bonds, leading to higher inflation.
We have seen the limitations of wishful thinking that debt doesn’t matter.
President-elect could go beyond extending the 2017 law and use the opportunity for further reform.
Imagine a Postal Service that works as efficiently as Santa’s elves on Christmas Eve. That’s the magic of privatization.
While the stated intent of many rules is to protect the public interest — be it the environment, safety, or market fairness — the unintended consequences are often staggering.
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