宏观经济 关于如果美国人继续采用“今朝有酒今朝醉”的生活方式,这将对储蓄,投资和利率有什么样的影响综

Debt financing is an appropriate policy
Reasons 1:符筱 Keep tax rates smooth over time 债务融资使政府能保持相对平稳的税率
Reasons 2： Shifts part of the cost of wars to future generations 债务融资将战争的部分成本转移给后代
美国政府的债务史，它告诉我们负债占GDP的百分比放映了政府的财 务状况：即政府支出〉税收收入 预算赤字，反之，预算盈余。
战争和经济衰退是使政府负债增加的主要原因之一 政府预算赤字降低了国民储蓄，投资和长期经济增长
QUICK QUIZ:
If more Americans adopted a “live for today” approach to life, how would this affect saving, investment, and the int
沈明然Government budget deficits reduce national saving ,investment ,and long-run economic growth .
Government to reduce the budget deficit as a major goal
administration, public sector debt began to increase both the overall increase was the rapid expansion of
the US debt. ? In contrast with the Reagan administration, the Clinton administration from 1992 to 2000 to repay the US government's debt, offset by an increase in private debt, so that the overall level of US debt remained stable. Again increased public sector
erest rate? 如果美国人继续采用“今朝有酒今朝醉”的生活方式，这将对
储蓄，投, namely M. + Enterprises demand deposits; M2: broad money supply, M1 + enterprises that residents' savings deposits + time deposits. (M refers to cash in circulation)
Debt and GDP
• Debt as a percentage of GDP decrease.
• The percentage of debt to GDP increase.
Government debt and war
美国联邦政府的债务数额（此处债务额占GDP的百分比显示）
① The war broke out ↓
War and recession are the main reason for the increase in government debt Government budget deficits reduce national saving, investment and long-term economic growth
②Defense spending to rise →Arms and the soldiers wages
↓ ③The tax rise ( but income < pay )
↓ ④Financial deficits increases
↓ ⑤The debt increases So，the primary cause of fluctuations in government debt Is war。
案例总结
The history of the US government's debt, which tells us the percentage of debt to GDP show the financial position of the government: that government spending> tax revenue budget deficit, on the contrary, the budget surplus.
M1：狭义货币供应量，即M。＋企事业单位活期存款； M2：广义货币供应量，即M1＋ 企事业单位定期存款＋居民储蓄存款。 （M是指流通中的现金）
货币发行量
美国债务变化
答案
In the short term, the United States remains "live for today" state, the money demand, in order to meet the consumer, so the government issued a lot of money, interest rates remained low, then a lot of people go to investment, savings few people, so the lower the savings become such a consumer would have to promote their economic effect. While also boosting the economy of other countries, because a lot of
debt and continued to increase in parallel private sector debt occurred in President George W. Bush on -
thus increasing the overall debt burden, eventually culminating in the financial crisis.
War is not the main cause of negative government debt such as population factors, tax cutting, government Policy and so on
American Government debt
Total debt of US non-financial sector remained relatively stable. However, in the Reagan