From The Heritage Foundation
Monetary Policy/Financial Regulation
What the Euro Crisis Means for Taxpayers and the U.S. Economy, Part 1
by Anthony B. Sanders
Mercatus Center
December 15, 2011
Testifying before the House Committee on Oversight and Government Reform, Anthony B. Sanders, Distinguished Professor of Real Estate Finance at George Mason University and Senior Scholar at Mercatus Center, said the Eurozone’s structural problems cannot be solved by low interest loans and guarantees from the Fed and the International Monetary Fund (IMF). In fact, engaging in a bailout of the Eurozone could jeopardize U.S. taxpayers. The best way to protect U.S. taxpayers is to increase transparency at the Fed, take back the $100 billion line of credit at the IMF, and undertake spending cuts ourselves in order to reduce our deficit and massive debt loan.
URL: mercatus.org/sites/default/files/publication/Sanders-Europe-Testimony.pdf
Monetary Policy/Financial Regulation
What the Euro Crisis Means for Taxpayers and the U.S. Economy, Part 1
by Anthony B. Sanders
Mercatus Center
December 15, 2011
Testifying before the House Committee on Oversight and Government Reform, Anthony B. Sanders, Distinguished Professor of Real Estate Finance at George Mason University and Senior Scholar at Mercatus Center, said the Eurozone’s structural problems cannot be solved by low interest loans and guarantees from the Fed and the International Monetary Fund (IMF). In fact, engaging in a bailout of the Eurozone could jeopardize U.S. taxpayers. The best way to protect U.S. taxpayers is to increase transparency at the Fed, take back the $100 billion line of credit at the IMF, and undertake spending cuts ourselves in order to reduce our deficit and massive debt loan.
URL: mercatus.org/sites/default/files/publication/Sanders-Europe-Testimony.pdf
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