Greg Mankiw's Solutions Would Expand Federal Debt

The federal debt will soar in the coming decades. The previous truth can be found in the proposed debt solutions.

Harvard’s Greg Mankiw is hardly alone in saying posssible debt fixes include enormous amounts of economic growth, government default, so-called money creation, sizable reductions in government spending, and substantial tax increases. None will reduce the debt, but a majority will grow it. 

 

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