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.
2019-06-03 11:31:00 Monday ET
The Sino-U.S. trade war may be the Thucydides trap or a clash of Caucasian and non-Caucasian civilizations. The proverbial Thucydides trap refers to the his
2017-08-13 09:36:00 Sunday ET
Several investors and billionaires such as George Soros, Warren Buffett, Carl Icahn, and Howard Marks suggest that the time may be ripe for a major financia
2019-11-19 09:33:00 Tuesday ET
American unemployment declines to the 50-year historical low level of 3.5% with moderate job growth. Despite a sharp slowdown in U.S. services and utilities
2019-04-09 11:29:00 Tuesday ET
The U.S. Treasury yield curve inverts for the first time since the Global Financial Crisis. The key term spread between the 10-year and 3-month U.S. Treasur
2020-11-01 11:21:00 Sunday ET
Artificial intelligence continues to push boundaries for several tech titans to sustain their central disruptive innovations, competitive moats, and first-m
2017-01-27 17:19:00 Friday ET
Tony Robbins explains in his latest book on personal finance that *patience* is the top secret to successful stock investment. The stock market embeds an