Trills Instead of T-Bills: It's Time to Replace Part of Government Debt with Shares in GDP
AbstractAt a time of public concern about rising national debt, we should consider adapting simple lessons from corporate finance to government finance. Mark J. Kamstra of York University and Robert J. Shiller of Yale University conclude that government financing tools should include a form of equity: shares in GDP.
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Bibliographic InfoArticle provided by De Gruyter in its journal The Economists' Voice.
Volume (Year): 7 (2010)
Issue (Month): 3 (September)
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Web page: http://www.degruyter.com
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