Until 1917, the Treasury had to seek the approval of Congress for every bond auction. Since then, the debt-raising capability of the Treasury has been limited by a debt ceiling that is set by Congress. The debt ceiling covers all US government debt, including intragovernmental holdings. The ...
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Two weeks ago, Geithner followed up on his complaints with action when he proposed a mechanism that would require countries with trade surpluses to modify their fiscal and economic policies in ways that would stimulate domestic demand. This would enable these countries to import more, said Geith...
According to David Cole at the Center for Automotive Research says because the government is requiring more fuel-efficient cars, i.e. he seems to be implying that the government is 'forcing' them to make fuel efficient cars. Um - NO! The market place is forcing them to give up SUVs (...
It is true that another huge swath of the value created by productivity gains in the economy has been allocated to consumer surplus—the difference between what goods sell for and what customers might have been willing to pay. Other value that new technology brings has been provided ...
There are two issues here — getting the government to allow driverless cars without steering wheels etc, and then determining liability. You are correct that Google wants to be considered the driver in order to avoid requirement for a steering wheel etc. Google’s parent corporation, Alphabet, ...