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Why Economists Don't Care About the Debt
Posted
September 3, 2021
Views
48,389
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707
Comments
195
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1.86%
September 3, 2021
48,389
707
195
1.86%
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4:23Now PlayingThere's been a sharp turn in thinking about how much the size of the national debt actually matters, and economists are abandoning the debt-to-GDP ratio as the key measure of fiscal sustainability and the long-term burden of debt on society. Instead they've turned to another metric — the size of interest payments on federal debt relative to GDP — to make the case for much higher levels of deficit spending.
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