Thursday, July 14, 2016

US Debt and the Economy

This is a Q&A in the Wall Street Journal from back in 2015. If you feel like your head is spinning with worry about US debt and the economy and all the doomsday scenarios politicians and pundits talk about all day, read this for some decompression:

http://blogs.wsj.com/economics/2015/02/01/qa-what-the-18-trillion-national-debt-means-for-the-u-s-economy/


“A lot of people want to make this analogy between individuals and the government. Economists think this is a really bad analogy. The U.S. government is 238 years old and isn’t planning to retire one day."


No comments:

Post a Comment