The government can't go broke, says a leading proponent of Modern Monetary Theory. What's more, the huge and growing national debt is great for the economy.
Under current U.S. fiscal policy, federal budget deficits are doomed to continue racing upward with no end in sight, investment consultant says.
The short-term economic boost that the GOP-proposed tax cuts would generate wouldn't be sustainable without growth in the already-tight labor market.
Projected budget deficits have also increased amid ‘surprisingly weak tax collections.’
The exploding federal debt motivated the Fed’s low interest rate and liquidity policies which, inadvertently, have penalized corporations.
Rising interest rates could have a negative impact on corporate cash flows as well as the national debt.
