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Out of habit, American economists worry about federal debt. But federal debt can be redeemed by the Federal Reserve printing the money with which to retire the bonds. The debt problem rests with individuals, companies, and state and local governments. They have no printing press.We have explained that the indebtedness of the population means there is little discretionary income with which to drive the economy....The Unz ReviewIt Is Time to Remove the Debt Barrier to Economic Growth, by Michael Hudson and Paul Craig RobertsMichael Hudson, President of The Institute for the Study of Long-Term Economic Trends (ISLET), a Wall Street Financial Analyst, Distinguished Research Professor of Economics at the University of Missouri, Kansas City, and Guest Professor at Peking University, and Paul
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Out of habit, American economists worry about federal debt. But federal debt can be redeemed by the Federal Reserve printing the money with which to retire the bonds. The debt problem rests with individuals, companies, and state and local governments. They have no printing press.We have explained that the indebtedness of the population means there is little discretionary income with which to drive the economy....The Unz ReviewIt Is Time to Remove the Debt Barrier to Economic Growth, by Michael Hudson and Paul Craig RobertsMichael Hudson, President of The Institute for the Study of Long-Term Economic Trends (ISLET), a Wall Street Financial Analyst, Distinguished Research Professor of Economics at the University of Missouri, Kansas City, and Guest Professor at Peking University, and Paul
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Out of habit, American economists worry about federal debt. But federal debt can be redeemed by the Federal Reserve printing the money with which to retire the bonds. The debt problem rests with individuals, companies, and state and local governments. They have no printing press.The Unz ReviewWe have explained that the indebtedness of the population means there is little discretionary income with which to drive the economy....
It Is Time to Remove the Debt Barrier to Economic Growth, by Michael Hudson and Paul Craig Roberts
Michael Hudson, President of The Institute for the Study of Long-Term Economic Trends (ISLET), a Wall Street Financial Analyst, Distinguished Research Professor of Economics at the University of Missouri, Kansas City, and Guest Professor at Peking University, and Paul Craig Roberts | formerly Assistant Secretary of the Treasury for Economic Policy, associate editor of the Wall Street Journal and a columnist for Business Week, Scripps Howard News Service, and Creators Syndicate; and Paul Craig Roberts, formerly Assistant Secretary of the Treasury for Economic Policy, associate editor of the Wall Street Journal and a columnist for Business Week, Scripps Howard News Service, and Creators Syndicate