America on a path toward financial ruin. Or not.
Not the only number that matters.
Good Debt? Bad Debt? There’s No Such Thing
US continues to add to its public debt, which has tripled in the last two decades to almost $36 trillion.
Perhaps policy makers believed low rates were the new normal and would last a long time. If so, it was bad risk management. No market condition lasts forever, and good risk management accounts for that.
Debt enthusiasts
Book Review: The Deficit Myth: Modern Monetary Theory and the Birth of the People’s Economy by Stephanie Kelton
like to argue that, when it comes to taking on debt, you can’t compare the government to a household: Governments can print their own money to pay their bills.
Allison Schrager Bloomberg 24 December 2024
This is the first part of a series of Bloomberg Opinion columns exploring the risks related to the US’s rapidly expanding debt and budget deficit.
Robert Burgess and Clive Crook
Wall Street Journal 23 December 2024
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