Jump to ContentJump to Main Navigation
Measuring and Managing Federal Financial Risk$
Users without a subscription are not able to see the full content.

Deborah Lucas

Print publication date: 2010

Print ISBN-13: 9780226496580

Published to Chicago Scholarship Online: February 2013

DOI: 10.7208/chicago/9780226496597.001.0001

Show Summary Details
Page of

PRINTED FROM CHICAGO SCHOLARSHIP ONLINE (www.chicago.universitypressscholarship.com). (c) Copyright University of Chicago Press, 2022. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in CHSO for personal use.date: 26 May 2022

Bringing Financial Literacy to Washington

Bringing Financial Literacy to Washington

(p.13) 1 Bringing Financial Literacy to Washington
Measuring and Managing Federal Financial Risk

Peter R. Fisher

University of Chicago Press

The federal government is not a limited purpose organization; it has many objectives. But if it is going to take on the responsibility of intervening in a highly complex market of investment and actuarial exposures, it is a shame that it cannot do so with its eyes open to the financial risks and with the ability to structure its balance sheet accordingly. While it may be hard for some to imagine an instrumentality of the federal government shorting the American stock market, if the U.S. government is going to take on the responsibilities of an insurance company, doing so with one arm tied behind its back is bound to be expensive for taxpayers, pension plans, and retirees.

Keywords:   federal government, financial market, investment, financial risk, stock market, taxpayers

Chicago Scholarship Online requires a subscription or purchase to access the full text of books within the service. Public users can however freely search the site and view the abstracts and keywords for each book and chapter.

Please, subscribe or login to access full text content.

If you think you should have access to this title, please contact your librarian.

To troubleshoot, please check our FAQs, and if you can't find the answer there, please contact us.