ECON 255 Lecture Notes - United States Treasury Security, Gini Coefficient, Freddie Mac
Document Summary
Current account balance shows that it is deficit throughout the year from 1982 2004 with some good times and bad times. Factor triggering foreign borrowing: us" deficit balance in ca the us borrows in the form of us treasury bills countries like china who has ca surplus has been stocking up the bills. The causes of growing inequality (3): lower tax cut imposed to the top 1, skill biased technology upward trend for one that requires hi-ed, diminishing influence of the labor union. Alan greenspan set the interest rate low people who can"t afford to buy it can now do so.
