treasury

Another crack in Republic’s foundations: not the size of the debt, but when it’s due

There are so many fractures in America’s foundations it’s easy to lose track.  One is subtle, not like to cause problems — but in a crisis it could became a major or even terminal factor:  the maturity structure of the Treasury’s debt. To save money as the debt has more than doubled since 2000, the government …

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The Fed has implemented part of recommendation #1: stabilize the financial system

Summary:  Today the Federal Reserve an important step necessary to stabilize the US financial system, now in a state of virtual cardiac arrest.  Delay or inadequate scale of action taking additional steps will probably have unpleasant consequences. My recommendations for our economic crisis were described in A solution to our financial crisis. Stabilize the financial system. Stabilize the economy. …

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