The article explores the limits of government debt and the implications of continued debt growth, particularly for countries with reserve currencies like the U.S. It emphasizes the divide in beliefs among economists regarding the infinite nature of such debts versus the risk of impending crisis linked to high debt levels. The author shares insights from extensive studies of past debt cycles and expresses concern over current U.S. debt trends, urging investigation into potential solutions to avert a significant debt crisis in the future.
The U.S. can print money to service its debts, but high levels of debt growth could lead to a significant crisis, as history suggests.
There's ongoing debate about whether there's a limit to government debt, especially for countries with reserve currencies like the U.S., impacting future policy.
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