Categories
Economics Finance

Debt Maturity

The Grumpy Economist: Debt Maturity.  Excellent financial advice for the US Treasury Department concerning the importance of taking advantage of (historically) low long term interest rates by lengthening the maturity structure of the federal government’s massive debt.  As University of Chicago finance professor John Cochrane notes, “Our Government has taken the opposite tack. When you include the Fed (The Fed has bought up most of the recent long-term Treasury issues, in a deliberate move to shorten the maturity structure) the US rolls over about half its debt every two years.”

Categories
Education

Students now have access to grade distributions for college professors: expect more grade inflation, lower quality degrees

Categories
Politics

Barack Obama's Persuasion Army

Henninger: Barack Obama’s Persuasion Army – WSJ.com “The president has finally made the permanent campaign a reality. “]]>

Categories
Politics

Barack Obama’s Persuasion Army

Henninger: Barack Obama’s Persuasion Army – WSJ.com

“The president has finally made the permanent campaign a reality. “