Category: U.S. Economy
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U.S. Economy: Janet Yellen and Economics of Equality
A recent quote from The Economist described, Secretary of the Treasury, Janet Yellen’s approach to economics as “modern supply-side economics.” This didn’t sit well, and sent me on a quest to understand more about her and her approach. So far, I’ve been impressed. Owen Ullman, in his book, Empathy Economics, about Yellen’s life and approach,…
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The Debt Ceiling: A Republican Manufactured Crisis
The Debt Ceiling limits how much debt the U.S. Treasury can incur. It does not authorize new spending, but gives the Treasury the ability to finance what Congress has already approved. Facts Matter: Congress has increased the ceiling 78 times since 1960, 49 under a Republican presidents and 29 under Democratic presidents.– Wikipedia If the…
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U.S. Economy: Inflation Reduction Act
Joe’s Betting on America. All told the Inflation Reduction Act may spur $1.7trn in public and private investment, reckons Credit Suisse, a bank. The spending unleashed by it, the CHIPS Act and the infrastructure bill are “among the most significant investments that we’ve ever made”, Janet Yellen, the treasury secretary, declared last year. “In recent…
THE NELSON REPORT 