Debt and the Future of the U.S.
Harvard Business Review
DECEMBER 22, 2010
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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