Monday, March 8, 2010
Is There Too Much Worry About the Debt?
In the March 15, 2010 TIME magazine article "Is There Too Much Worry About the Debt?," Zachary Karabell argues that the U.S. should not lose sight of the things that increase productivity and lead to real economic growth (which in turn, increase tax revenues): investment in physical capital (infrastructure, factories and machines), human capital (education and skills training), and technology.
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The debt is a worry alright.
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