Tag Archives: national debt

The Debt-Deposit Duality

The Debt-Deposit Duality. How Much Is the Federal Debt? $12 Trillion? $10 Trillion? $0? by Rodger Malcolm Mitchell, www.nofica.com Quantum mechanics is counter-intuitive, partly because of the wave-particle duality, which says that something can be both a wave and a … Continue reading

Posted in Federal Reserve, US Treasury, money | Tagged , , , , , | 5 Comments

Government Debt and Deficits Are Not the Problem. Private Debt Is.

by Michael Hudson, New Economic Perspectives Remarks by Prof. Michael Hudson at The Atlantic’s Economy Summit, Washington DC, Wednesday, March 13, 2013. There are two quite different perspectives in the set of speeches at this conference. Many on our morning … Continue reading

Posted in Banking News, macroeconomics, money, mortgages | Tagged , , , , , , , , | 1 Comment

A Tale of Two Countries

Austerity, Deficits, and Debt:  A Tale of Two Countries by Elliott R. Morss, Morss Global Finance Introduction Greece is involved in a series of austerity programs. And the US is considering austerity measures to keep it from “falling off the … Continue reading

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Voters: Get Your Heads Straight on Money ASAP … Please!

by Art Patten, Symmetry Capital Management From Bloomberg: A Bloomberg National Poll, conducted June 17-20, found voters choosing jobs over the deficit or federal spending as their top concern by 42 percent to 30 percent. Yet 74 percent of Americans … Continue reading

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What if The Debt Ceiling is Not Raised?

If a debt ceiling extension is voted down, or if the President vetos an unacceptably small extension, then what is to be done? I’ve now run into six primary options the President can select among to avoid default. The six are discussed. Continue reading

Posted in Federal Reserve, Government, US Treasury, Uncategorized | Tagged , , , , , , , , , | 3 Comments

Personal Transfer Payments and GDP

Personal transfer payments (more specifically increases in the payments) have influenced the course of The Great Recession and the recovery. The depth was moderated and the recovery is more advanced, as measured by GDP, than without the increases. The cost is increased national debt.
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Tax Law Stimulus

The new U.S. tax law provides new economic stimulus and prevents withdrawal of 2010 stimulus. However, it increases the national debt by a larger amount than it stimulates. Continue reading

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