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Charles J. Whalen evaluates the political and economic arguments in favor of a constitutional amendment requiring a balanced budget and concludes that, although today's federal budget process needs reform, the balanced budget amendment is not a solution. In fact, such an amendment would divert...
Persistent link: https://www.econbiz.de/10010280334
It is now clear that most economists underestimated the widening economic impact of the credit crunch that has shaken American financial markets since at least mid-July. A credit crunch is an economic condition in which loans and investment capital are difficult to obtain; in such a period,...
Persistent link: https://www.econbiz.de/10010280337