“Even when the private sector holds a lot of government debt, this effect can dominate,” Dr. Woodford wrote. Also, he wrote, if the government sees it’s shoveling out too much money in interest, it could cut other spending or raise taxes, offsetting the stimulative effect of interest payments.
Inflation will likely remain high - so investors need to brace for aggressive Fed rate hikes, according to Columbia University economist Jeffrey Sachs.
In order to tame ongoing inflationary pressures, the U.S. “needs to ratchet down the hostility” with China, Columbia University economics professor Jeffrey Sachs told CNBC’s “Street Signs Asia.”
Ester Fuchs, an urban politics professor at Columbia University’s School of International and Public Affairs, highlighted the idea that the congressional race is between the incumbents — referring to them as “two iconic figures in New York City politics.”
“In the United States we have the best research facilities… but we made a critical mistake: we allowed the drug companies to hoard their intellectual property, not share it with those in the rest of the world.”
More than 70 economists and experts, including Nobel Laureate Joseph Stiglitz, called for Washington and other nations to release Afghanistan's central bank assets in a letter sent to U.S. President Joe Biden on Wednesday.
“My bet is that 2025 Trump would look a whole lot like 2017 Trump. He would try to play the ‘hits’ again (immigration ban, wall building, tariffs, tax cuts, etc.), because he doesn’t seem like the kind of person who evolves or is going to come up with innovative policy ideas.”
“So, the rule was, you had to be a man of ordinary courage to vote, and that meant shouldering through crowds of raucous, drunk (people) and other voters who often came early, and often the night before, to, you know, stake out their claim.”
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