“My great concern with Donald Trump is that his economic pronouncements don’t square up,” Varoufakis said in an interview with Bloomberg TV’s Guy Johnson.
Varoufakis said Trump’s proposed $1 trillion (£830 billion) government spending plan “is unfunded and will lead to skyrocketing deficits if he succeeds with all the tax cuts he wants to push through.”
At the same time, diplomatic tensions could lead China to sell its holdings of US Treasurys, pushing up bond yields and making it more expensive for Trump to fund the plan by borrowing on the international capital market.
It’s a sequence that echoes the European debt crisis, which started in 2010 when investors lost confidence in the ability of Greece and other southern European countries to fund government spending and pay back their national debt. That led to higher government borrowing costs, a series of banking crises, and sharp cuts in spending and economic growth.
- As Trump targets immigrants, U.S. farm sector looks to automate
- BREXIT VOTE ALREADY DELIVERING AS WAGES INCREASE
- (pealkiri puudub)
- Most Progressives are Neoliberals in Disguise Professor Bill Mitchell
- The Good Dream is Factual MMT Warren Mosler
- Sir Peter Tapsell; Abolish the Euro PMQs24/10/2012
- Actually the magic money tree does exist, according to modern monetary theory
- Trump’s top economist offers solution to unemployment: More government jobs
- EU ‘superstate’ fear as Brussels chief Juncker plots for Chancellor for the whole of Europe
- Politicians don’t know where money actually comes from, poll shows
- Rahakordaja elab
- MMT konverents 2017
- THE LEFT – Neutered By Neoliberalism
- Üks ÜRO dokument, millest sa peavoolu meedias ei kuule
- Austerlaste lollused
- The New York Times ja Stephanie Kelton
- Tavaline poliitiline tsirkus USAs
- Itaalia eksperiment
- Simon Wren-Lewis: Why is MMT so popular?
- Poola Solidaarsus protestib Junckeri vastu
Seda blogi vaadatud (60 sek hilinemine)
- 200,404 korda