1. Up until 2016, the U.S. gross debt is about $ 20 trillion, larger than our annual GDP. Use Delong and
   Cohen’s argument in the article “Where Did all Their Money Come From?” to explain how does the U.S.
   provide the money demand in the last few decades, especially when the domestic money demand is much larger than the domestic money supply. Should we worry? Why and why not?
2. Briefly summarize Cohen and DeLong’s main arguments’ in the article “state-led Development”. How
   do their key arguments relate to the government budget and trade deficit problems that the U.S. is facing?
3. Use the key messages from the article titled “For the Richer, For the Poorer” to briefly explain the main causes of the current U.S. Income inequality situation. Provide and defend two possible policy suggestions to reduce the US current income inequality—what I mean “defend” is that you need to provide at least two possible counter-arguments of your own policy suggestion, then defend your own policy suggestions by using solid evidence and logical arguments. For example, if your policy suggestion is to provide cheaper education for everyone, you need to assume your opponents would challenge you with the US government budget limitation.
   Articles such as “For the Richer, For the Poorer” and “State-Led Development” could be very helpful for you to build the framework of the paper. But I would really like to see a good portion of the content comes from your own research and your (educated) own opinion.
   Please note that I look for the evidence (from the content of your posts/paper) when you state your opinion and conclusions—in other words, the content you included should support your statement. We see radio talk show hosts or politicians say things without any evidence (or they just lie), this is not the place to practice that type of irresponsible behavior.

Sample Solution