Expert Views: Inflation, Interest and the National Debt
On November 14th, William Dudley and Nela Richardson, joined us to discuss the optimal mix of fiscal, monetary and economic policy to steer us through a challenging inflationary period.
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On November 14th, William Dudley and Nela Richardson, joined us to discuss the optimal mix of fiscal, monetary and economic policy to steer us through a challenging inflationary period.
The U.S. spends twice as much on prescription drugs as other comparatively wealthy nations, on average.
"With high inflation, economic uncertainty and the national debt surpassing $31 trillion, voters are rightly concerned about our nation’s fiscal and economic outlook in this year’s pivotal election,” said Michael A. Peterson, CEO of the Peterson Foundation.
https://www.pgpf.org/press-release/2022/10/fci-press-release
There are many critical differences between our two nations, but are there lessons to be learned by US policymakers from the UK predicament?
https://www.pgpf.org/blog/2022/10/does-uk-crisis-hold-fiscal-economic-lessons-for-us-policymakers
Many policymakers have called for the full retirement age to be gradually raised and ultimately pegged to average life expectancy.
https://www.pgpf.org/blog/2022/11/social-security-reform-should-we-raise-the-retirement-age
Unemployment insurance (UI) is a joint state-federal program that was established in 1935 to provide temporary financial assistance to workers who become unemployed by no fault of their own.
https://www.pgpf.org/budget-basics/budget-basics-unemployment-insurance-explained
“As our debt crosses $31 trillion, it’s past time for action," said Michael A. Peterson, CEO of the Peter G. Peterson Foundation.
“Our national debt is so large, we’re already paying more than $1 billion every day on interest, and that’s growing fast,” said Michael A. Peterson, CEO of the Peterson Foundation.
https://www.pgpf.org/press-release/2022/09/fci-press-release
President Biden’s proposed policies, if enacted, would reduce deficits over the next decade, according to an analysis recently published by the Congressional Budget Office (CBO).
The first important determinant of a country’s fiscal health is its financing costs.