Tag Archive: Deficit

Build a bridge, Sam!

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The thing we would typically worry about with high deficits, namely high interest rates, is not happening.¬†Interest rates are actually negative (“it means markets are so nervous that they will literally pay us… Continue reading

Helicopter money as a policy option

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“Helicopter money” is the overt monetary financing of government deficits. This is an unconventional policy option that some economists are starting to consider as a possible solution to the¬†persistently weak economic conditions in… Continue reading