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To finance this trade deficit, the U.S. has to borrow from the rest of the world or sell American assets like stocks, businesses, and real estate to the rest of the world.
But because we in the United States finance our current account deficit by borrowing in our own currency, we can move to a more competitive dollar without the adverse effects that followed currency declines in other countries.
And I think it’s a prudent, responsible way, given the scale of the emergency, the scale of the damage still facing America, that we finance these additional support for the unemployed as well as the support for small business. We think there’s a good case for doing it now. We want to do it in an overall fiscally responsible way.
Small- and medium-sized businesses need access to a diverse range of finance options, including non-bank lending. These new forms of finance are still small in scale today but they should, over time, bring additional choice and greater competition to the lending market.
What we now call ‘finance’ is, I hold, an intellectual perversion of what began as warm human love.
I believe in capitalism for everybody, not necessarily high finance but capitalism that works for the working men and women of this country who are out there paddling alone in America right now.
The studios don’t finance anymore, they get outside funds.
There is a growing literature about the multitude of journalism’s problems, but most of it is concerned with the editorial side of the business, possibly because most people competent to write about journalism are not comfortable writing about finance.
Finance, like time, devours its own children.
At this point, I don’t get hired a lot because people don’t think I could finance a movie.