Article In Wall Street Journal Highlights Upcoming Working Paper by Dr. Thomas R. Saving
Dec 12, 2018
Summary: An article in the Wednesday, December 12 edition of the Wall Street Journal highlights an upcoming working paper by PERC’s Director Emeritus, Dr. Thomas R Saving and co-authors Phil Gramm and Michael Solon.
The article sheds light on past Federal Reserve borrowing levels and the troubling future that awaits the Fed.
“As the current recover builds and extraordinarily low interest rates normalize, the economy will begin to feel for the first time the effects of the unparalleled borrowing of the past decade” – Phil Gramm and Michael Solon.
Read the full article here [paywall].