versus-debt
Is All Debt Unsustainable?
August 31, 2010 by publisher · Leave a Comment
Name: Larry Winkler Question: Economists seem to agree that the debt cannot be sustained. I’m skeptical of this generality — that is, not all debt is the same. Isn’t it important to distinguish between the debt incurred to improve production and research, versus debt incurred for pure consumption? Paul Solman: Absolutely. The first rule of debt: It’s not how much you borrow; it’s what you do …
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Is All Debt Unsustainable?