No, it doesn't matter. Japan went into this crisis with a huge structural deficit, and borrows at lower interest rates than we do throughout. Trump was blowing up America's deficit before this crisis… (View Post)
We can never get into a debt trap like that while interest rates are so low. The Bank of England will simply print enough cash to buy up the extra government debt. Eventually the markets may conceiva… (View Post)
It's classic gesture politics. It is much, much easier to announce more rules and maximum penalties than to enforce those you actually have, especially since individual situations are often messy and… (View Post)