Fiscal Stability or Dire Straights: John Cochrane’s Latest Rant
…debt. On a tax minus expenditure basis, not much unusual was going on especially considering it was the bottom of the (then) worst recession since WWII. Only in the extreme…
…debt. On a tax minus expenditure basis, not much unusual was going on especially considering it was the bottom of the (then) worst recession since WWII. Only in the extreme…
Rigging the student loan system Americans today hold $1.5 trillion in student debt, and recent research reveals that the effects of this outsized and growing debt are much more devastating…
…includes equity and debt instruments. The latter is based on intra-company borrowing. Historically, the equity component has registered a net positive position that outweighed the negative debt position. But the…
…higher public debt. If there were no Covid crisis, I would advocate giving $2000 to every American citizen (better if directed at the non rich — way better but impossible…
…restrictions. In 2005, Biden supported a change in the bankruptcy code that made it much more difficult to discharge private student loan debt in bankruptcy by also applying a harsher…
…major debtor country owed its debt in its own currency. It is unprecedented in economic history. Japan, by contrast, owes all its foreign debt in dollars. Now if you devalue…
…Kaiser Health News. June 16, 2022. https://khn.org/news/article/diagnosis-debt-investigation-100-million-americans-hidden-medical-debt/ Other Information “The market economy fails when applied to healthcare,” Angry Bear “Medicare Advantage has Overcharged FFS Medicare by Billions for Years,” Angry…
…link . . . John Oliver Cliff Notes on homeowners associations: ‘Glorified debt collectors with the power to upend your life’, The Guardian, John Oliver. The YouTube clip is funnier….
…for digital transactions. Payroll taxes, often labeled as FICA or SS on your paystub, similarly ensure designated funds for Social Security, while crypto casinos offer verifiably fair gaming to enhance…
…debt, Appelbaum explained. “And that debt is what drives a lot of the poor quality care in private equity-owned facilities,” evidenced by staffing reductions, less time with patients, and less…