Is American Fiscal Policy Off the Rails?

Published 2023-06-21
With the recent raising of the U.S. debt ceiling, questions abound over the best course of action. What are the consequences of ongoing fiscal deficits and growing national debt? How much debt is too much for the health of the economy? Does the debt ceiling play any useful role in improving policy or does it simply increase the risk of an unexpected, high-impact economic event?

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