The article is titled What Economists Think of the U.S. Defaulting on its Debt: ‘We Aren’t That Stupid!’ This article mainly describes some economists’ views on how Congress is handling our debt at this time. In 2013, we had a government shut down for a little more than two weeks. This is only one example of how the government is handling our financial situation. Congress is currently debating over whether or not to raise America’s debt limit. The author of the article, Josh Zumbrun, asked some economists what they thought of the idea. Joel Naroff, from Naroff Economic Advisors, said, “Not enough wackos to do that.” Stuart Hoffman, from PNC Bank, had a strong opinion against this. He said, “Stupid is what stupid does. We aren’t that stupid!” As you can see, the professionals in finance don’t see this as a good
The article is titled What Economists Think of the U.S. Defaulting on its Debt: ‘We Aren’t That Stupid!’ This article mainly describes some economists’ views on how Congress is handling our debt at this time. In 2013, we had a government shut down for a little more than two weeks. This is only one example of how the government is handling our financial situation. Congress is currently debating over whether or not to raise America’s debt limit. The author of the article, Josh Zumbrun, asked some economists what they thought of the idea. Joel Naroff, from Naroff Economic Advisors, said, “Not enough wackos to do that.” Stuart Hoffman, from PNC Bank, had a strong opinion against this. He said, “Stupid is what stupid does. We aren’t that stupid!” As you can see, the professionals in finance don’t see this as a good