Tag: In Defense of Public Debt

  • Coupon-clipping demystified

    Weary of reading play-by-play stories about  the Treasury Department’s efforts to manage in light of the hold-up by right-wing Republicans over reaching the federal debt ceiling – impoundment decisions, discharge petitions, and various accounting maneuvers – I took down my copy of Barry Eichengreen’s In Defense of Public Debt (Oxford, 2021) to remind me of […]