FED St. Louis: Is the United States bankrupt?

verfasst von Sorrento, 14.07.2006, 08:20

-->Is the United States bankrupt? Many would scoff at this notion. Others would argue that financial implosion is just around the corner. This paper explores these views from both partial and general equilibrium perspectives. It concludes that countries can go broke, that the United States is going broke, that remaining open to foreign investment can help stave off bankruptcy, but that radical reform of U.S. fiscal institutions is essential to secure the nation’s economic future. The paper offers three policies to eliminate the nation’s enormous fiscal gap and avert bankruptcy: a retail sales tax, personalized Social Security, and a globally budgeted universal healthcare system.


Federal Reserve Bank of St. Louis Review, July/August 2006, 88(4), pp. 235-49.


http://research.stlouisfed.org/publications/review/06/07/Kotlikoff.pdf

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gesamter Thread:

• FED St. Louis: Is the United States bankrupt? - Sorrento, 14.07.2006, 08:20
  • Träumer! VOR dem Bankrott wird da nix reformiert. - Heller, 14.07.2006, 12:01