By Simon Johnson The United States faces some serious medium-term fiscal issues, but by any standard measure it does not face an immediate fiscal crisis. Overindebted countries typically have a hard time financing themselves when the world becomes riskier – yet turmoil in the Middle East is pushing down the interest rates on US government … Continue reading Does The U.S. Really Have A Fiscal Crisis?
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Does The U.S. Really Have A Fiscal Crisis?
By Simon Johnson The United States faces some serious medium-term fiscal issues, but by any standard measure it does not face an immediate fiscal crisis. Overindebted countries typically have a hard time financing themselves when the world becomes riskier – yet turmoil in the Middle East is pushing down the interest rates on US government … Continue reading Does The U.S. Really Have A Fiscal Crisis?