Help Wanted: A Fiscal Policy for the Future
Fiscal policy that boosts productivity is the best offense against future inflation.
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Fiscal policy that boosts productivity is the best offense against future inflation.
Inflation’s legacy of higher real interest rates poses a significant danger to the federal budget.
Financing the debt will become more burdensome now that interest rates have returned to their pre-pandemic levels.
High inflation breeds instability, raising the risk of both higher interest rates and recession.
We can’t return to the low-inflation, low-interest rate world; we can only go forward through the wormhole the pandemic opened.
Inflation and interest rates will have important impacts on the long-term federal budget outlook.
Debt will continue to accumulate unless reforms are undertaken.
“This month’s improvement in the index makes it clear that voters want leaders who will improve America’s fiscal and economic future,” said Michael A. Peterson, CEO of the Peterson Foundation.
https://www.pgpf.org/press-release/2022/08/fci-press-release
“This is an example of how our leaders can pay for their priorities, whatever they may be, while helping to improve America’s fiscal and economic future at the same time," said Michael A. Peterson, CEO of the Peter G. Peterson Foundation.
“This bill demonstrates that you can invest in areas of national interest while improving our fiscal outlook at the same time," said Michael A. Peterson, CEO of the Peter G. Peterson Foundation.