My Harvard colleague Martin Feldstein writes me inward an email:
Sumber https://gregmankiw.blogspot.com/
The WSJ together with FT give-up the ghost on to write almost the run a hazard of default, quoting the Treasury, Boehner together with others.There actually is no postulate for a default on the debt fifty-fifty if the debt ceiling is non raised after this month. The United States authorities collects plenty inward taxes each calendar month to finance the involvement on the debt, etc. The authorities may non live able to carve upward all accounts into "pay" together with "no pay" groups precisely it tin sure as shooting put the involvement payments. An inability to borrow would accept serious economical consequences if it lasted for whatever sustained menses precisely it would non accept to threaten our credit standing.
