Special Report on
Why deficit finance works
Why deficit finance works - Trends
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The economy slowed in 2000, partly because of weakness in tourism and fisheries. Sustained economic growth requires fiscal consolidation, financial market development, and skill enhancement of the labor force. The economy decelerated to 4.2 percent growth in 2000, compared with annual average growth of 7�9 percent between 1995 and 1999. The slowdown was general, and affected the leading sectors of tourism and fisheries. The Government undertook development and infrastructure projects to supplement aggregate demand but their impact was limited. Per capita income increased substantially between the early 1990s and 2000. Sound ...
This is not my personal assessment but that of world renowned “experts” and economists, and financial institutions. Just google “US Debts” and you can find thousands of analysts stating that there is no way that the US can ever pay off its debts. The US cannot even liquidate the accumulated interest on the outstanding debts. The debts are in the trillions! [More:] The Casey Daily Dispatch observed: The simple reality the Fed is waking up to is that the structural underpinnings of the economy are damaged beyond any quick or easy fix. That’s because until the ... Read More
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WHY DEFICIT FINANCE WORKS
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