Tag Archives: US Treasury

Kristin Forbes: Economists must bridge disciplines to find answers to financial crises

In 2009 when my colleagues at the National Bureau of Economic Research and I began planning a conference for a project we’re running on the global financial crisis, we were concerned that the material would no longer be timely when the symposium actually occurred. We needn’t have worried. I’ve just returned from Washington, DC, where […]

Defaulting to big government—the unintended consequences of not raising the debt ceiling

From CNN World Leading United States congressmen are determined to provoke a showdown with the Obama administration over the federal government’s debt ceiling. Ordinarily, you might expect House Republicans to blink at this stage of the negotiations, but there is a hardline minority that actually appears to think that defaulting on government debt would not […]

Simon Johnson: Is there too much federal debt?

From the New York Times In the nation’s latest fiscal mood swing, the mainstream consensus has swung from “we must extend the Bush tax cuts” (in November and December 2010) toward “we must immediately cut the budget deficit.” The prevailing assumption, increasingly heard from both left and right, is that we already have far too […]