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.
2020-04-03 09:28:00 Friday ET
The Intel trinity of Robert Noyce, Gordon Moore, and Andy Grove establishes the primary semiconductor tech titan in Silicon Valley. Michael Malone (2014)
2017-04-25 06:35:00 Tuesday ET
This nice and clear infographic visualization helps us better decipher the main memes and themes of President Donald Trump's first 100 days in office.
2022-04-25 10:34:00 Monday ET
Corporate ownership governance theory and practice The genesis of modern corporate governance and ownership studies traces back to the seminal work
2019-07-23 09:22:00 Tuesday ET
Harvard economic platform researcher Dipayan Ghosh proposes some alternative solutions to breaking up tech titans such as Facebook, Google, Apple, and Amazo
2017-05-13 07:28:00 Saturday ET
America's Top 5 tech firms, Apple, Alphabet, Microsoft, Amazon, and Facebook have become the most valuable publicly listed companies in the world. These
2019-08-04 08:26:00 Sunday ET
U.S. and Chinese trade negotiators hold constructive phone talks after Presidents Trump and Xi exchange reconciliatory gestures at the G20 summit in Japan.