In Brief: It's a Debt Trap (with Justin Wolfers)
Stay Tuned with Preet
Isn't It Tough to Go to Vegas?
Most of the US debt is held by Americans. A big part of the recent run up in debt is, of course, the government's massive response to the coronavirus pandemic. It feels a little bit more to me like fighting World War II than it does like going to Vegas. So one is are we borrowing to buy useful stuff? Another is we'll be able to repay it because you don't want to get in over your head.
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