The federal debt limit has no practical value. This suggests that ending it would be a good idea. Yet the laws of unintended consequences suggest that there are unforeseen effects that may be worse ...
Whether you’re speaking with Europe’s largest money manager, Australia’s giant pension funds, or a cash-rich insurer in Japan, there’s a resounding message you’ll hear when it comes to US Treasuries: ...
The UnitedStates’s debt limit permits the federal ... there is no way to end this economic deathspiral. As long as people, corporations and countries are willing to buy U.S. government ...
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