Publications

Public Policy Brief Highlights No. 99A | April 2009

The Return of Big Government

Policy Advice for President Obama

In the current global financial crisis, economists and policymakers have reembraced Big Government as a means of preventing the reoccurrence of a debt-deflation depression. The danger, however, is that policy may not downsize finance and replace money manager capitalism. According to Senior Scholar L. Randall Wray, we need a permanently larger fiscal presence, with more public services. His advice to President Obama is to discard all of former Treasury Secretary Paulson’s actions. Wray believes that we can afford any necessary spending and bailouts, and that these actions will not burden our grandchildren.


Publication Highlight

Working Paper No. 1011
The Dynamics of Monthly Changes in US Swap Yields
A Keynesian Perspective
Author(s): Tanweer Akram, Khawaja Mamun
September 2022

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