The Leading eBooks Store Online 4,231,541 members ⚫ 1,403,841 ebooks

New to eBooks.com?

Learn more

The $13 Trillion Question

Managing the U.S. Government's Debt

The $13 Trillion Question by David Wessel
Buy this eBook
US$ 19.99
(If any tax is payable it will be calculated and shown at checkout.)

The underexamined art and science of managing the federal government's huge debt.

Everyone talks about the size of the U.S. national debt, now at $13 trillion and climbing, but few talk about how the U.S. Treasury does the borrowingeven though it is one of the world's largest borrowers. Everyone from bond traders to the home-buying public is affected by the Treasury's decisions about whether to borrow short or long term and what types of bonds to sell to investors.

What is the best way for the Treasury to finance the government's huge debt? Harvard's Robin Greenwood, Sam Hanson, Joshua Rudolph, and Larry Summers argue that the Treasury could save taxpayers money and help the economy by borrowing more short term and less long term. They also argue that the Treasury and the Federal Reserve made a huge mistake in recent years by rowing in opposite directions: while the Fed was buying long-term bonds to push investors into other assets, the Treasury was doing the oppositeselling investors more long-term bonds.

This book includes responses from a variety of public and private sector experts on how the Treasury does its borrowing, some of whom have criticized the way the Treasury has been managing its borrowing.

Brookings Institution Press; November 2015
135 pages; ISBN 9780815727064
Read online, or download in secure EPUB or secure PDF format
Title: The $13 Trillion Question
Author: David Wessel
 
  • News
Janet Yellen and the four big uncertainties - Brookings Institution
Wed, 08 Jun 2016 07:49:35 -0700
Brookings InstitutionJanet Yellen and the four big uncertaintiesBrookings InstitutionWhen Federal Reserve Chair Janet Yellen ...
At Senate budget hearing, a sharp take on the stalled progress - Brookings Institution
Wed, 27 Apr 2016 05:58:34 -0700
Brookings InstitutionAt Senate budget hearing, a sharp take on the stalled progressBrookings InstitutionSenate Budget Committee ...
Monetary policy and financial stability - Brookings Institution
Wed, 25 May 2016 13:06:52 -0700
Brookings InstitutionMonetary policy and financial stabilityBrookings InstitutionEditor's note: The following speech was ...