Government Debt

Yes government debt is cheap, but that doesn’t mean it comes risk-free

The financial response of Western governments to the COVID-19 crisis has been gargantuan, with boosts to health expenditure, enhanced JobSeeker-like payments, and JobKeeper-like wage subsidies to keep workers attached to jobs.While a str...

Gary Painter ·over 3 years ago

Why America has a debt ceiling: 5 questions answered

Republicans and Democrats are again playing a game of chicken over the U.S. debt ceiling – with the nation’s financial stability at stake. Treasury Secretary Janet Yellen recently said that June 1, 2023, is a “hard deadline” for raising ...

Steven Pressman Part-Time Professor of Economics, The New School·11 months ago

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