Will the Crisis of Excessive Debt be Solved with More Debt?
At the recent World Economic Forum in Davos, Switzerland, financial leaders from around the globe questioned how the U.S. will be able to pay for its proposed stimulus package. While not yet passed by both houses of Congress, the stimulus package could top $1 trillion over two years. The long-term danger of increased borrowing by the U.S. government are higher inflation and rising interest rates around the world.
Please click here for a January 29 article on the subject in the International Herald Tribune.