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Austan Goolsbee

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In several quarters in the 2000s, if you added up all the private savings of everyone in the United States, it was less than nothing. You can’t sustain that as a driver of growth.

Austan Goolsbee

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Austan Goolsbee

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A lot more people are willing to invest in bonds denominated in euros. And there was the fiscal discipline argument, which is that this tied the hands of countries the market hasn’t always trusted, which also helped them borrow at low rates.

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If we get to the point where we damage the full faith and credit of the United States, that would be the first default in history caused purely by insanity.

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April 21, 2024

If we get to the point where we damage the full faith and credit of the United States, that would be the first default in history caused purely by insanity.

Previous

April 21, 2024

A lot more people are willing to invest in bonds denominated in euros. And there was the fiscal discipline argument, which is that this tied the hands of countries the market hasn’t always trusted, which also helped them borrow at low rates.

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