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Todd G. Buchholz
Todd G. Buchholz
Todd G. Buchholz has served as director of economic policy under president George H.W. Bush and as managing director of the Tiger hedge fund. He was awarded Harvard University’s Allyn Young Teaching Prize in economics and is the author of New Ideas from Dead Economists and The Price of Prosperity.

Inflation helped reduce the federal government’s massive debt obligations post WWII, but such a strategy won’t work with today’s investors, who have other options. The US must issue longer-term bonds at today’s low rates and reform its retirement programmes to defuse the debt bomb.

American workers’ wages are rising and so is their spending, as poor growth elsewhere means low interest rates and, therefore, bargains everywhere.