Will US Debt Cause an Economic Crisis?
From “mises.org” Many economic commentators are of the view that the high level of debt poses a threat to the US economy. The debt-to-GDP ratio stood at 345.7 in Q3 2024 against 130.4 in Q1 1952 (see chart). This way of thinking originates in the writings of Irving Fisher who held that a major risk […]
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