US Government Debt Different - Finance Department - University of ...

More documents

Recommendations

Info

Deborah Lucas111Figure 4: Medicare Spending ProjectionsSource: National Research Council (2012). Aging and the Macroeconomy. Long-Term Implications of anOlder Population. Committee on the Long-Run Macro-Economic Effects of the Aging U.S. Population.Table 1: Interest Burden as Percent of GDPSource: Author’s calculations.
112 The Federal Debt: Assessing the Capacity to Pay
Page 3 and 4:
ii
Page 5 and 6:
ivPublished by FIC Press2405 Ste
Page 7 and 8:
viContents8 Thoughts on Debt Sustai
Page 9 and 10:
viiiContents
Page 12 and 13:
The Contributors Anna GelpernAme
Page 14 and 15:
The Contributors Howell E. Jacks
Page 16 and 17:
The Contributors School, as well
Page 18 and 19:
The Contributors Zoltan PozsarIn
Page 20 and 21:
The Contributors Richard SyllaNe
Page 22 and 23:
xxiAcknowledgmentsWe would like
Page 24 and 25:
xxiiiPREFACEThe Law School and t
Page 26 and 27:
PREFACE academic circles. A sove
Page 28 and 29:
Richard Sylla 11U.S. Government Deb
Page 30 and 31:
Richard Syllasigned from office in
Page 32 and 33:
Richard Syllalike the United States
Page 34 and 35:
Richard SyllaAfter 1815, a generall
Page 36 and 37:
Richard Syllapurchase to back their
Page 38 and 39:
Richard Syllational debt and reduce
Page 40 and 41:
William W. Bratton 132A World Witho
Page 42 and 43:
William W. Brattonwould go from a c
Page 44 and 45:
William W. Brattonthe system, than
Page 46 and 47:
ConclusionWilliam W. Bratton19At th
Page 48 and 49:
Richard J. Herring 213Default and t
Page 50 and 51:
Richard J. Herringpay is seldom in
Page 52 and 53:
Richard J. HerringFigure 2: Archety
Page 54 and 55:
Richard J. Herring27Figure 4: The R
Page 56 and 57:
Richard J. Herring29Figure 6: Deman
Page 58 and 59:
Richard J. HerringGovernment bonds
Page 60 and 61:
Richard J. HerringDuring August 201
Page 62 and 63:
Zoltan Pozsar 354A Macro View of Sh
Page 64 and 65:
Zoltan Pozsartions, forming an inte
Page 66 and 67:
Zoltan Pozsarfunding for safe, shor
Page 68 and 69:
Zoltan Pozsarfor the reduction in t
Page 70 and 71:
Zoltan PozsarWhile increased rollov
Page 72 and 73:
Michael W. McConnell 455Origins of
Page 74 and 75:
Michael W. McConnellAlthough the Co
Page 76 and 77:
Michael W. McConnellvene? Who would
Page 78 and 79:
Michael W. McConnell(Social Securit
Page 80 and 81:
ConclusionMichael W. McConnell53Whe
Page 82 and 83:
Howell E. Jackson 556The 2011 Debt
Page 84 and 85:
Howell E. Jacksonloss in liquidity.
Page 86 and 87:
Howell E. Jacksonand provides resou
Page 88 and 89: Howell E. JacksonWhile assertions o
Page 90 and 91: Howell E. Jacksonof those payments.
Page 92 and 93: Howell E. Jacksonwhich payments to
Page 94 and 95: Concluding ThoughtsHowell E. Jackso
Page 96 and 97: Richard Squire 697A Market for End-
Page 98 and 99: Richard SquireSo far, there is litt
Page 100 and 101: Richard Squirethat the reference en
Page 102 and 103: Richard SquireIn fact, the gross no
Page 104 and 105: Richard Squireto only 22.6%. Thus i
Page 106 and 107: Richard Squirewill default. An econ
Page 108 and 109: Richard Squireannounced that in liq
Page 110 and 111: Richard SquireCDS on USA and Correl
Page 112 and 113: Richard Squiremean, however, that t
Page 114 and 115: Peter R. Fisher 878Thoughts on Debt
Page 116 and 117: Peter R. Fishernot really an insura
Page 118 and 119: Peter R. FisherU.K. prospered great
Page 120 and 121: Peter R. FisherSources of income be
Page 122 and 123: Peter R. Fisherlead to greater comp
Page 124 and 125: Peter R. FisherCentral bank mytholo
Page 126 and 127: Peter R. Fisherboth sides of their
Page 128 and 129: Deborah Lucas 1019The Federal Debt:
Page 130 and 131: Deborah LucasProjected Size of Defi
Page 132 and 133: Deborah Lucasrevenues. In fact, man
Page 134 and 135: Deborah Lucasly from the global des
Page 136 and 137: Deborah Lucas109Figure 2: Primary S
Page 140 and 141: James R. Hines Jr 11310The Tax Reve
Page 142 and 143: James R. Hines Jrrevenue rely on ex
Page 144 and 145: James R. Hines JrStates is the lone
Page 146 and 147: James R. Hines Jr119Table 3: Social
Page 148 and 149: James R. Hines Jrtapped federal tax
Page 150 and 151: James R. Hines Jrer economic costs
Page 152 and 153: James R. Hines Jrtries, and consequ
Page 154 and 155: James R. Hines Jrtries from 1999 to
Page 156 and 157: James Kwak 12911Can the United Stat
Page 158 and 159: James Kwakone hundred years. 6 At t
Page 160 and 161: James Kwakthe Royal Navy had over o
Page 162 and 163: James Kwak135Figure 1: National Deb
Page 164 and 165: James Kwaka real growth rate of 2.2
Page 166 and 167: James Kwakkeep the national debt at
Page 168 and 169: James KwakRepublicans have seized o
Page 170 and 171: James Kwakreduction package. 45 Fur
Page 172 and 173: James KwakThe bottom line is that f
Page 174 and 175: James Kwakprovisions, including hea
Page 176 and 177: James KwakDespite these political c
Page 178 and 179: Jim Millstein 15112Burning the Furn
Page 180 and 181: Jim Millsteinits spending and tax c
Page 182 and 183: Jim MillsteinWhile safe-haven flows
Page 184 and 185: Jim Millsteinon reserve balances wi
Page 186 and 187: Jim Millsteinfull list of options i
Page 188 and 189:
Jim Millsteinfundamental disagreeme
Page 190 and 191:
Jim MillsteinHowever, other things
Page 192 and 193:
Jim Millsteinwould likely command a
Page 194 and 195:
Jim MillsteinThere will inevitably
Page 196 and 197:
Charles W. Mooney, Jr 16913United S
Page 198 and 199:
Charles W. Mooney, JrSecond, would
Page 200 and 201:
Charles W. Mooney, Jrticipants, did
Page 202 and 203:
Charles W. Mooney, JrThe extent and
Page 204 and 205:
Charles W. Mooney, Jr“Treasury Di
Page 206 and 207:
Charles W. Mooney, Jrin subpart B i
Page 208 and 209:
Charles W. Mooney, Jrcount holders
Page 210 and 211:
Charles W. Mooney, Jrdefault. If an
Page 212 and 213:
Charles W. Mooney, Jrcould be achie
Page 214 and 215:
Charles W. Mooney, Jrconsider adopt
Page 216 and 217:
Charles W. Mooney, Jror gold coin.
Page 218 and 219:
Charles W. Mooney, Jrpre-1933 legis
Page 220 and 221:
Charles W. Mooney, Jrbegin by notin
Page 222 and 223:
Charles W. Mooney, Jrformity requir
Page 224 and 225:
Charles W. Mooney, Jrnation based o
Page 226 and 227:
Charles W. Mooney, Jrthe Treasury d
Page 228 and 229:
Charles W. Mooney, JrUnder any cohe
Page 230 and 231:
Charles W. Mooney, Jrcontext of ban
Page 232 and 233:
Charles W. Mooney, Jrcans in Congre
Page 234 and 235:
Charles W. Mooney, JrThe government
Page 236 and 237:
Charles W. Mooney, JrIf Wade’s sp
Page 238 and 239:
Charles W. Mooney, Jring in Perry,
Page 240 and 241:
Charles W. Mooney, JrThere would be
Page 242 and 243:
Charles W. Mooney, JrBut that concl
Page 244 and 245:
Charles W. Mooney, JrCourt of Feder
Page 246 and 247:
Charles W. Mooney, Jrtem. 135 This
Page 248 and 249:
Charles W. Mooney, Jr. b. The Race
Page 250 and 251:
Charles W. Mooney, JrBut, of course
Page 252 and 253:
Charles W. Mooney, Jrhave adopted r
Page 254 and 255:
Charles W. Mooney, Jrtions Conventi
Page 256 and 257:
Charles W. Mooney, Jrthe other hand
Page 258 and 259:
Charles W. Mooney, JrIf the U.S. co
Page 260 and 261:
Charles W. Mooney, Jrpursue massive
Page 262 and 263:
Charles W. Mooney, Jrof multination
Page 264 and 265:
Donald S. Bernstein 23714A Comment
Page 266 and 267:
Donald S. Bernsteinis what most ban
Page 268 and 269:
Donald S. BernsteinAmendment, simpl
Page 270 and 271:
Donald S. Bernsteinfallout of alloc
Page 272 and 273:
Steven L. Schwarcz 24515Direct and
Page 274 and 275:
Steven L. Schwarczin Perry held tha
Page 276 and 277:
Steven L. Schwarczwould apply to fe
Page 278 and 279:
Steven L. Schwarczunder Section 13(
Page 280 and 281:
Steven L. SchwarczD. Assessing the
Page 282 and 283:
255AppendixThe 2011 Debt Limit Impa
Page 284 and 285:
Jeremy Kreisberg & Kelley O’Mara
Page 286 and 287:
Page 288 and 289:
Page 290 and 291:
Page 292 and 293:
Page 294 and 295:
Page 296 and 297:
Page 298 and 299:
Page 300 and 301:
Page 302 and 303:
Page 304 and 305:
Page 306 and 307:
Page 308 and 309:
Page 310 and 311:
Page 312 and 313:
Page 314 and 315:
Page 316 and 317:
Page 318 and 319:
Page 320 and 321:
Page 322 and 323:
Page 324 and 325:
Page 326 and 327:
Page 328 and 329:
Page 330 and 331:
Page 332 and 333:
Page 334 and 335:
Page 336 and 337:
Page 338 and 339:
Page 340 and 341:
Page 342 and 343:
Page 344:
This book contains the proceedings
show all

US Government Debt Different - Finance Department - University of ...

You also want an ePaper? Increase the reach of your titles

Delete template?

Save as template?