Tag Archives: fiscal crisis

Taming Bond Market Vigilantes

The U.S. Federal Reserve has tamed bond vigilantes.  Because prices move inversely to bond yields, historically, active investors reacted to adverse monetary or fiscal policies by dumping bonds that consequently raise yields.  Because the FED was the only game in … Continue reading

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Fiscal Calamity & The Working Stiff

The very progressive nature of the US tax system dismisses the tempting notion that mammoth Govmint borrowing can be financed just by taxing upper-income people. Washington’s “print the money and run” policy will end badly. Here’s a fact:  numerous candidates … Continue reading

Posted in Economics, Money | Tagged , , | Comments Off on Fiscal Calamity & The Working Stiff