Wednesday , December 11 2019
Home / New Economic Perspectives / Wray Appearing Before Congress

Wray Appearing Before Congress

Summary:
L. Randall Wray will be providing testimony for Congress on November 20 at 10 am. The topic is the government debt and deficits. His full statement will be available at 10:30AM at the Levy Institute. His goal is to explain a) why we needn’t fear sovereign government deficits and debt; b) why in some important sense, deficits and rising debt are “normal”; c) the deficit is in any case largely outside the control of Congress; d) deficits and rising debt ratios will not lead to government insolvency or bankruptcy; e) all government payments can be made on time, unless f) Congress forces a default (due to the debt ceiling it imposes). The statement will provide a lot of new data related to these topics. The link to the webcast

Topics:
Devin Smith considers the following as important: , ,

This could be interesting, too:

Mike Norman writes Turning the economic tide: could a radical monetary theory fix Australia’s woes? — Martin Farrer

Mike Norman writes Bill Mitchell — Q&A Japan style – Part 5b

Mike Norman writes The Hill — Majority of voters support a federal jobs guarantee program

Michael Pettis writes MMT Heaven and MMT Hell

L. Randall Wray will be providing testimony for Congress on November 20 at 10 am. The topic is the government debt and deficits. His full statement will be available at 10:30AM at the Levy Institute. His goal is to explain a) why we needn’t fear sovereign government deficits and debt; b) why in some important sense, deficits and rising debt are “normal”; c) the deficit is in any case largely outside the control of Congress; d) deficits and rising debt ratios will not lead to government insolvency or bankruptcy; e) all government payments can be made on time, unless f) Congress forces a default (due to the debt ceiling it imposes). The statement will provide a lot of new data related to these topics.

The link to the webcast is: https://budget.house.gov/legislation/hearings/reexamining-economic-costs-debt

Leave a Reply

Your email address will not be published. Required fields are marked *