The Government Debt Iceberg (IEA Research Monographs, Band 68) - Softcover

Gokhale, Jagadeesh

 
9780255366663: The Government Debt Iceberg (IEA Research Monographs, Band 68)

Inhaltsangabe

Nobody who has even a passing acquaintance with economics could fail to realize that Western governments are highly indebted. Current generations have been consuming at the expense of future generations. Governments are allowed to produce accounting information in such a cavalier fashion, using methods that would be illegal for private sector companies. Fortunately, though, scholars have been able to examine the detail of government policy and the financial commitments of future governments in order to determine just how indebted we are. This IEA publication brings such calculations to life by showing by how much spending will need to be cut and taxes raised in order to make the government’s fiscal position sustainable. This work should be of interest to politicians, to students and teachers of economics and, indeed, all who are interested in public policy and the sustainability of Western economies.

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Über die Autorin bzw. den Autor

Jagadeesh Gokhale is recognized internationally as an expert on entitlement reform, labor productivity and compensation, U.S. fiscal policy, and the impact of fiscal policy on future generations. He works with the Cato Institute’s Project on Social Security Choice to develop reforms for programs such as Social Security and Medicare. He is a former consultant to the U.S. Department of the Treasury, visiting scholar with the American Enterprise Institute , and senior economic adviser to the Federal Reserve Bank of Cleveland. He lives in Washington, DC.

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