Bills
in sentence
501 examples of Bills in a sentence
Countries hold these reserves in a variety of forms, including gold and US Treasury
bills.
While America benefits from increased demand for its Treasury
bills
(which reduces borrowing costs), developing countries receive a return of just 2% - essentially zero in real terms.
This is important because the US might oppose any plan that undermines demand for Treasury
bills
(and thus its guaranteed access to low-cost financing).
But if most advanced countries were to recognize this new form of global money, they could put pressure on holdouts by limiting their holdings of non-participant currencies and treasury
bills
in their reserves.
Indeed, the US Congress has already produced a series of ominous
bills
aimed at retaliating against China and other countries that engage in one-way currency intervention.
Since the early 1990’s, many poor countries’ food
bills
have soared five- or six-fold, owing not only to population growth, but also to their focus on export-led agriculture.
In the 1930s, in the midst of economic depression and sharp deflation, US Treasury
bills
sometimes traded at negative yields (and real returns were still positive).
Private health insurance would make such excessive saving unnecessary by pooling relatively small premiums from individuals – or from their employers – and then paying out to those who are hit with large medical
bills.
Individuals who have such insurance would be better off, because they would not face the risk of large medical
bills
and would be able to spend more on other forms of consumption.
Rising energy bills, driven by the cost of fossil fuels, are a massive political issue in many countries in Europe and elsewhere, including the United States, where consumer energy prices have become a major issue in the run-up to this year’s presidential election.
Building on the aims agreed by EU leaders, it is imperative that EU governments now conclude their work on the five legislative
bills
– on reception conditions, asylum qualifications, resettlement, the European Asylum Support Office, and Eurodac (the fingerprint database for asylum seekers) – already agreed with the European Parliament.
And the
bills
are substantial.
As the late MIT economist Rudi Dornbusch pointed out, it makes more sense for residents of poor countries to invest their resources at home in ways that raise productivity and living standards, rather than buying US Treasury
bills.
If it is to amass foreign assets, they should be more profitable than US Treasury
bills.
One simple step would be to restrict the circulation of $100 bills, which are mostly used in the underground economy.
Indeed, the rate on inflation-adjusted US Treasury
bills
(so-called “TIPS”) is now negative up to 15 years.
Many foreign leaders quickly switched from schadenfreude to fear – and to the security of US treasury
bills.
In particular, they are debating variations of so-called helicopter money, following a famous thought experiment by Milton Friedman in 1969, in which “one day a helicopter…drops an additional $1,000 in
bills
from the sky.”
But even higher upfront costs are quickly paid for with cheaper utility
bills.
But congressional Republicans may insist on paying for the cuts in personal income tax by limiting the deductions that individuals now use to lower their tax
bills.
After all, why should the central banks of China, Japan, South Korea, and other Asian countries accumulate vast holdings of US Treasury
bills
if the dollar is likely to lose value in the years ahead?
(And, as I explain in my new book The Curse of Cash, Bitcoin can hardly be considered a long-term substitute for large-denomination bills.)
The US and Japan might be among the last to face the wrath of the bond-market vigilantes: the dollar is the main global reserve currency, and foreign-reserve accumulation – mostly US government
bills
and bonds – continues at a rapid pace.
In recent weeks, Maduro has put in place a half-baked plan to stabilize the currency, issuing new
bills
supposedly backed by the government’s cryptocurrency, which is like building a house of cards on a garbage dump.
Whether or not the new currency takes root, we can be sure that the Venezuelan military will continue to conduct its operations in $100
bills.
Most, however, are invested in dollar-denominated financial claims – above all,
bills
or bonds issued by the US Treasury.
Lawmakers in both parties have teamed up to introduce a variety of
bills
that would encourage and fund pay-for-success projects.
The ECB could deal with the other driving force, the lack of financing for sovereign debt, by lowering its discount rate, encouraging distressed governments to issue treasury bills, and encouraging the banks to subscribe (an idea I owe to Tommaso Padoa-Schioppa).
Floating exchange rates were supposed to prevent countries from manipulating their currencies, but, by accumulating large quantities of US treasury bills, East Asian countries, especially China, kept their exchange rates artificially low.
Chinese investments increasingly took the form of official purchases of US Treasury
bills.
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