This short article describes the long term consequences of high government deficit and debt levels on economic growth. The study looks at 26 different "debt overhang episodes" that have occurred in advanced economies since 1800. The research shows how important it will be for the U.S. to get its spending under control in order to foster growth.
http://www.washingtonpost.com/blogs/ezra-klein/post/study-long-term-deficits-are-linked-to-24-percent-lower-growth/2012/06/17/gJQAtYlLjV_blog.html
Tuesday, June 19, 2012
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