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Debt and the Future of the U.S.

Harvard Business Review

During the financial crisis, the world came to the apparently shocking realization that debt financing entails risks. trillion, roughly 10% of gross domestic product (GDP). Gross public debt is $14 trillion, or over 95% of GDP. The total value of explicit loan guarantees is well over $10 trillion. deficit at $1.5

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Stop Focusing on Profitability and Go for Growth

Harvard Business Review

times global GDP) to more than $600 trillion (9.5 times global GDP). Our models suggest that by 2025 global financial capital could easily surpass a quadrillion dollars, more than 10 times global GDP. So, in real terms, debt financing is essentially free. The Refresher: Net Present Value.

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