“All the while, this, coupled with the political hostility of austerity, increases deficits, leading the U.S. Treasury to issue more bonds. The resulting interest payments to the wealthy stimulate spending and nominal GDP growth, creating a paradox where the Fed’s rate hikes inadvertently fuel economic growth,” Hayes said.
Leading Crypto-Policy Academic in Washington to Open Disclosure Firm Bluprynt
Following a $1.7 million early funding round, Brummer said the company is backed by Dan Schulman, the former PayPal CEO...