Notes 1-4
-Interest on national debt
-Owe 13 trillion dollars
-U.S. gets 4.25% interest rate
-Has to pay 47 billion a month
- Biggest source of income is taxing citizens
- Role of government in markets -Provide legal structure
-Protection of property rights - enforce contracts
- Maintain competition -Monopolies -Natural Monopolies
-14 billion to build 1 aluminum in the world
-Redistribution of income
– transfer of payment
- Reallocate resources - Fix market future
-Externalities
- Promoting stability
– fell comfortable enough to spend money - promote fairness
-Owe 13 trillion dollars
-U.S. gets 4.25% interest rate
-Has to pay 47 billion a month
- Biggest source of income is taxing citizens
- Role of government in markets -Provide legal structure
-Protection of property rights - enforce contracts
- Maintain competition -Monopolies -Natural Monopolies
-14 billion to build 1 aluminum in the world
-Redistribution of income
– transfer of payment
- Reallocate resources - Fix market future
-Externalities
- Promoting stability
– fell comfortable enough to spend money - promote fairness