Saturday, December 02, 2017

Fiscal waste's decades out

Some want tax cuts.
Some wants tax increases
But no one want tax spending cuts
So its the fiscal waste's decades out

But why worry when it is so easy to finance it with QEs, low interest rates and regulatory subsidies.

Regulatory subsidies? 
1988, Basel I's risk weighted bank capital requirements that decree 0% risk-weight for sovereigns and 100% entrepreneurs.