For the foreseeable future, the economy is projected to grow at a rate below 4 percent while growth in the public debt will hover around 7 percent. Clearly, this trend is not sustainable. http://mercatus.org/publication/debt-grows-faster-rate-economy-foreseeable-future
Former Federal Reserve economist and former Freddie Mac senior economist, Arnold Kling, gets to the bottom of the 2008 financial crisis. Kling presents a short but thorough history of financial markets and regulations as they pertain to the crisis, looking for ways it could have been prevented and how we can stop it from ever happening again. Available on the Kindle for only $0.99.
This essay series looks at an American housing finance market devastated by the popping of a Fannie Mae and Freddie Mac-driven bubble and explores opportunities for reform. Each proposal considers how to maintain a safe and robust system to channel capital to able borrowers, increase the role of private capital in financing mortgages, and protect taxpayers from future losses associated with privately managed, profit-seeking government-sponsored enterprises. Available on Kindle for only…
"The latest figures from the Bureau of Labor Statistics cast doubt on whether American businesses, investors, and job seekers will have enough momentum to work through the uncertainties of slow economic growth in the United States and abroad."