Page 5 - Barry Eichengreen News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Since the GFC, economists have suggested that using debt to finance government spending is a free lunch. But the tide has turned in the past two years.

Kenneth Rogoff welcomes economists' recent reassessment of the costs and benefits of public borrowing

Until recently, any suggestion of fiscal prudence was quickly dismissed as “austerity” by economists on the left. But with higher interest rates fast becoming the new normal, the idea that any economic problem can be solved with more government borrowing has become untenable

(Bloomberg) -- The world’s financial markets are encountering a force they didn’t bet on for 2024: A strong dollar is back and looks set to stay.Most Read from BloombergTikTok to Remove Executive Tasked With Fending Off US ClaimsElon Musk’s Robotaxi Dreams Plunge Tesla Into ChaosTesla Spends Weekend Cutting Prices of Cars and FSD SoftwareTrump Has Only $6.8 Million for Legal Fees With Trial UnderwayThe Fed’s Forecasting Method Looks Increasingly Outdated as Bernanke Pitches an AlternativeHaving

The world’s financial markets are encountering a force they didn’t bet on for 2024: A strong dollar is back and looks set to stay. Having entered the year predicting the greenback would decline, investors have been forced into a rethink by a red-hot US economy and sticky inflation requiring the…