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Bill Black — Jared Bernstein Shows the Costs of Not Understanding Sovereign Currencies

Summary:
Bernstein knows that federal tax revenues do not fund federal expenditures. His column shows that he is worried solely about realpolitik rather than real economics, conceding that “deficits don’t seem to hurt the economy.” New Economic PerspectivesJared Bernstein Shows the Costs of Not Understanding Sovereign CurrenciesWilliam K. Black | Associate Professor of Economics and Law, UMKC

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Bernstein knows that federal tax revenues do not fund federal expenditures. His column shows that he is worried solely about realpolitik rather than real economics, conceding that “deficits don’t seem to hurt the economy.”
New Economic Perspectives
Jared Bernstein Shows the Costs of Not Understanding Sovereign Currencies
William K. Black | Associate Professor of Economics and Law, UMKC
Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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