2019-02-13 11:00:00 Wed ET
treasury deficit debt employment inflation interest rate macrofinance fiscal stimulus economic growth fiscal budget public finance treasury bond treasury yield sovereign debt sovereign wealth fund tax cuts government expenditures
President Trump may reluctantly sign the congressional border wall deal in order to avert another U.S. government shutdown. With his executive power to declare a national emergency, President Trump expresses his displeasure with this House-Senate compromise, but he has to accept the $1.4 billion border wall deal. House and Senate negotiators tentatively reach a border security agreement in principle to avoid another partial government shutdown.
Several commentators view this presidential ploy as a risky maneuver that may open the Pandora box of future challenges both in court and in Congress. Trump seeks alternative public finance to fund the $5 billion southern border wall. The key immigration reform reflects the fact that President Trump faces political opposition from House Democrats with respect to public finance.
This public finance standoff may exacerbate the current U.S. fiscal budget deficit. In accordance with the Sargent-Wallace unpleasant monetarist arithmetic principle, the monetary authority would need to allow higher money supply growth or inflation in the form of higher seigniorage taxes if the fiscal authority continues to fund the budget deficit with incessant public bond issuance. In this light, the congressional border wall deal has profound policy implications for fiscal equilibrium as well as monetary price stability.
If any of our AYA Analytica financial health memos (FHM), blog posts, ebooks, newsletters, and notifications etc, or any other form of online content curation, involves potential copyright concerns, please feel free to contact us at service@ayafintech.network so that we can remove relevant content in response to any such request within a reasonable time frame.
2019-05-19 19:31:00 Sunday ET
MIT professor and co-author Daron Acemoglu suggests that economic prosperity comes from high-wage job creation. Progressive tax redistribution cannot achiev
2018-07-15 11:35:00 Sunday ET
Facebook, Google, and Twitter attend a U.S. House testimony on whether these social media titans filter web content for political reasons. These network pla
2017-12-03 08:37:00 Sunday ET
Sean Parker, Napster founder and a former investor in Facebook, has become a "conscientious objector" on Facebook. Parker says Facebook explo
2023-12-10 09:23:00 Sunday ET
U.S. federalism and domestic institutional arrangements A given country is federal when both of its national and sub-national governments exercise separa
2020-03-12 09:32:00 Thursday ET
Google CEO Eric Schmidt and his co-authors show the innovative corporate culture and mission of the Internet search tech titan. Eric Schmidt, Jonathan Ro
2018-01-01 06:30:00 Monday ET
As former chairman of the British Financial Services Authority and former director of the London School of Economics, Howard Davies shares his ingenious ins