Category Archives: Monetary Policy

The Subprime Superhighway

The U.S. and Europe are lowering capital standards for ‘investments’ in public infrastructure—ignoring the lessons from 2007-08. By PHIL GRAMM Oct. 2, 2016 5:56 p.m. ET More government spending, particularly for infrastructure projects, is the mantra in Washington and other capitals. But two factors stand in the way. First, the...
Read more