Summary
When I was an undergraduate at Brooklyn College five decades ago, I majored in English and economics. I had one economics professor who persistently insisted that the nation's debt really was not a problem, no matter how much it grew. And grow it has, with the total now over $1 trillion and expected to continue on an upward path.
I honestly cannot recall what this professor used as his rationale to insist that the size of the national debt didn't matter and that it could continue to climb with no serious consequences for the country.See the full content of this document
Extract
The National Debt Does Matter
Some of his students challenged his economic theories, particularly this one, but week after week he would persist in his belief that the national debt had n...
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