Rice University: U.S. Economy Can Handle High Government Debt, Says Baker Institute Expert
December 03, 2020
December 03, 2020
HOUSTON, Texas, Dec. 3 (TNSRep) -- Rice University issued the following news release on Dec. 2:
U.S. debt is projected to soon eclipse World War II-era levels, and while that sounds problematic, that much growth in government debt won't weaken the private sector like it did in the 1940s, according to new research by an expert at Rice University's Baker Institute for Public Policy.
Jorge Barro, fellow in public finance, published a brief comparing the fiscal si . . .
U.S. debt is projected to soon eclipse World War II-era levels, and while that sounds problematic, that much growth in government debt won't weaken the private sector like it did in the 1940s, according to new research by an expert at Rice University's Baker Institute for Public Policy.
Jorge Barro, fellow in public finance, published a brief comparing the fiscal si . . .