Archive for August 11th, 2014

Laying Track for More Spending


Monday August 11th, 2014   •   Posted by K. Lloyd Billingsley at 7:18am PST   •   0 Comments

We have been tracking the new eastern span of the San Francisco-Oakland Bay Bridge, which came in 10 years late and $5 billion over budget but still bristled with safety concerns. Those worries were serious enough to prompt state senator Mark DeSaulnier to hold hearings and threaten a criminal investigation. Calls for a criminal investigation...
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Inflating Away the National Debt


Monday August 11th, 2014   •   Posted by Craig Eyermann at 5:58am PST   •   0 Comments

Can governments simply use inflation to make their national debts disappear? That’s the subject of a new working paper by Jens Hilscher, Alon Raviv, and Ricardo Reis, who used real-world data to see how effective that inflation might be in reducing the real value of a government’s outstanding liabilities. Here’s the abstract of the...
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