2min chapter

Goldman Sachs Exchanges cover image

Daunting debt limit dynamics

Goldman Sachs Exchanges

CHAPTER

The Debt Ceiling Should Be Abolioned

Kaplan: I don't really see a value in the debt ceiling. It creates an economic cost that isn't really rational, so we should abolish it. He says countries like Poland and Brazil have spending caps rather than Debt Ceilings. Kaplan believes this would eliminate any kinds of economic uncertainty.

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