February 2021

No Good Deed Goes Unpunished: A Brief History of Deficits, Debt and Yield Curve Control

Urgency trumps importance. Whatever the consequences may be in time, short-term need takes precedence in human affairs in general. In the COVID-19 pandemic we have the greatest urgency of our time. It is rational to spend on answers, whatever the cost in the longer term.

John R. Gilbert

Senior Research Consultant