by Andrew Moran | Dec 15, 2021 | Articles, Economic Affairs News, Opinion
It is 1982 all over again. In 2021, the post-COVID U.S. economy is dealing with rampant price inflation, anemic economic growth, and a ballooning federal deficit. But will public policymakers respond with conventional economic panaceas or insist that approving...
by Mark Angelides | Jul 14, 2021 | Articles, Politics
Late Tuesday night, the Budget Committee reached an agreement to complete President Joe Biden’s infrastructure plan by allotting $3.5 trillion in a sweeping spending proposal. The money is to be used to fund a reconciliation package, which means that Senate Democrats...
by Andrew Moran | Jun 13, 2021 | Articles, Economic Affairs News, Good Reads, Opinion
The Federal Reserve has ostensibly embraced the mantra of “records are made to be broken.” For the first time in its century-old history, the United States central bank’s balance sheet exceeded $8 trillion after more than a year of unprecedented and...
by Andrew Moran | May 28, 2021 | Articles, Economic Affairs News
Here are some numbers to dissect. The United States economy is worth approximately $22 trillion. The national debt is north of $28 trillion. The federal deficit stands at a record $1.9 trillion in the first seven months of the fiscal year. So, it might have frustrated...
by Andrew Moran | Apr 1, 2021 | Articles, Economic Affairs News
President Joe Biden unveiled his latest $2 trillion infrastructure and economic recovery proposal – the American Jobs Plan – that he calls “a once-in-a-generation investment in America.” What is inside the multi-trillion-dollar boondoggle-in-the-making? Tens of...