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Politics : Ask Michael Burke

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To: Knighty Tin who wrote (75023)2/2/2000 10:17:00 AM
From: Freedom Fighter  Read Replies (2) of 132070
 
Mike,

I haven't seen the current breakdown, but the Clinton administration has essentially been shifting the govt. debt mix towards the short end. What if any effect do you think this going to have on monetary policy considering that rising short term interest rates now have more of an effect on the budget.

Personally I think this whole program is utter folly because of all the potential long term risks.

Wayne
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