2 21 2024 Recognition lag first noticing a problem too good or too bad Administrative lag get recognition of a problem and get something done about it Operational lag doing something about it i e getting a stimulus package Political considerations public perception of politicians who determine fiscal policy Future policy reversals ie bush cut taxes into 2008 Offsetting state and local finances decreases in state funding turn into social services and education Crowding out effect treasury bonds crow the people out of a fund leading to fewer available loans to take thus creating interest rates to go up The U S Public Debt 22 1 trillion worth of public debt in April 2019 the accumulation of years of federal deficits and surpluses Owed to the holders of us securities Treasury bills Government IOU The US dollar is an anchor currency
View Full Document
Unlocking...