In the ancient world, debt forgiveness was a regular tool to control the economy. Why have we forgotten it?
Category: United States Economy
-
An Ancient Sumerian Solution to Our $40 Trillion Deficit
The New York Times – On the Runway: -
The Economy Got Used to Low Borrowing Costs. Their Exit Could Pose Risks.
The New York Times – Business:After roughly two decades of ultralow interest rates, a period of rapid readjustment is ahead for the United States, the world’s largest economy and most important financial system.
-
Trump Widens Beef Imports in Bid to Lower Prices
The New York Times – Business:Cattle ranchers have trimmed their herds in response to drought and low margins, helping push up the cost of another American staple food.
-
Should You Invest in Bonds Right Now?
The New York Times – Business:High-quality bonds are still safer than stocks, but they have been swinging in value, so move cautiously, our columnist says.
-
Walmart Posts Slowest Sales Growth in Years as Americans Tighten Wallets
The New York Times – Business:Walmart and other big U.S. retailers have warned that consumers were being cautious, even if personal balance sheets seemed healthy.
-
Why Treasury Yields Are Rising, and What That Means for the Economy
The New York Times – Business:Interest rates on U.S. government bonds can affect everything from auto and student loans to mortgages.
-
U.S. Debt Hits $40 Trillion as America’s Borrowing Binge Continues
The New York Times – Business:President Trump’s promises to restore fiscal order and reduce the amount of America’s debt burden have been hampered by spending on the Iran war, tax cuts and tariff refunds.
-
More Fed Officials Lost Patience About Elevated Inflation at Latest Meeting
The New York Times – Business:Minutes from the Federal Reserve’s July gathering showed broadening support for higher borrowing costs to stamp out lingering price pressures.
-
Worker Pay Isn’t Keeping Up With Inflation Once Again
The New York Times – Business:When prices spiked in 2021-22, wages failed to keep up for many workers, new research shows. Now the pattern is repeating.
-
July Retail Sales Notch Biggest Drop in Over a Year
The New York Times – Business:The data for July showed the biggest drop in more than a year, as American households face the economic strains brought on by persistent inflation
-
Ted Decker, CEO of Home Depot, Is Taking Medical Leave
The New York Times – Business:Ted Decker is expected to return in a few months, and two executives have been appointed to oversee his duties in the interim.