2min chapter

Ones and Tooze cover image

Will the United States Go Broke One Day?

Ones and Tooze

CHAPTER

Understanding US Debt Through Collective Time Horizons

This chapter explores the paradox of the United States' persistent demand for debt in light of potential economic issues, contrasting individual life spans with society's infinite time horizon. It highlights the importance of generating taxable income and the role of domestic production in meeting essential needs, especially for retirees.

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