The Central Bank ?Printing Press?: Boon Or Bane? Remedies For High Unemployment And Fears Of Fiscal Crisis

In recent years, the US public debt has grown rapidly, with last fiscal year's deficit reaching nearly $1.3 trillion. Meanwhile, many of the euro nations with large amounts of public debt have come close to bankruptcy and loss of capital market access. The same may soon be true of many US states and localities, with the governor of California, for example, publicly regretting that he has been forced to cut bone, and not just fat, from the state's budget.

Provided by: Levy Economics Institute Topic: CXO Date Added: Dec 2010 Format: PDF

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