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Licensed Unlicensed Requires Authentication Published by De Gruyter September 17, 2010

Trills Instead of T-Bills: It's Time to Replace Part of Government Debt with Shares in GDP

  • Mark J Kamstra and Robert J. Shiller
From the journal The Economists' Voice

At a time of public concern about rising national debt, we should consider adapting simple lessons from corporate finance to government finance. Mark J. Kamstra of York University and Robert J. Shiller of Yale University conclude that government financing tools should include a form of equity: shares in GDP.

Published Online: 2010-9-17

©2011 Walter de Gruyter GmbH & Co. KG, Berlin/Boston

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