THERE HAS, for several years, been a recurring nightmare that has disturbed the financial markets. It is that, for some reason or other, Japan would stop financing the US current account deficit (and by the same token, the fiscal deficit) and repatriate its funds.McRae, Hamish...
Running the country with a balanced budget means the government would have to operate without a deficit. Economists are divided on the question of just how important it is for the U.S. to tackle itsbudget deficitand its total outstanding debt. The mainstream view is that the debt isn't a ...
Now, the US has had a trade deficit for years. This means that NX is a negative number. So, either S-I has to be negative (in which case households are accumulating debt) or G-T is negative, in which case the government is accumulating debt. Basically, as a country, we have to...
To start off, we can borrow from a now-classic paper by Graciela Kaminsky in the wake of the major currency crises in Mexico and across Asia in the 1990s, which provides the often-used categories for how economists have defined what a currency collapse is.12Here are the types of crises (...
There is now no doubt that all of the GOP talk during the campaign about reducing the deficit was nothing more than a ploy to get elected and that Republicans have no plans to do anything but make the federal government’s red ink larger than it already is and would otherwise be. ...
What is DSM in psychology? The DSM, by the American Psychiatric Association, is a guide for diagnosing mental disorders, changing with mental health.
Overall we describe an increased rate of attention-deficit hyperactivity disorder and autism spectrum disorder, along with the increased rates of major depressive disorder and anxiety disorders in one or more of these conditions. In addition to contributing unique insights about sexual dimorphism in ...
the banks to credit the deposit accounts of the recipients of the spending. (The process is simply delayed a bit where the Treasury sends the recipient a check, triggered when the recipient deposits the check at his/her bank.) Taxes have the reverse effects. For a government deficit, the ...
Cowrie shells were used as a form of money in China by 1200 BCE. Coined money was introduced in the first millennium BCE. King Croesus of Lydia, which is now Turkey, was one of the first to strike and circulate gold coins around 564 BCE. Hence the expression “rich as Croesus.”5 ...
ordinary people like us are equally excited to follow the progress of technology. Retreating back to a semi-feudal state, the most direct evidence is that there are millions of ordinary people brushing every day without distinguishing between day and night. This mobile phone, they are using unpai...