Uhlig Op-ed: "The Good, The Bad, and the Ugly" of the US' $22 Trillion Debt

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Prof. Harald Uhlig recently wrote a guest Op-ed for the political news website The Hill, discussing the ramifications - both negative and positive - of the United States' $22 trillion dollar debt, which now has reached

...well above 100 percent of GDP...obviously, debt levels will not stop there either. Is this cause for alarm? There are respectable voices on both sides of that debate. So, what is the truth? The truth is that economists (myself included) are always of two minds, much to the chagrin of politicians. I am not here to give you a simple answer. I am here to illuminate the tradeoff...

Read the full article at The Hill. Prof. Uhlig is the Bruce Allen and Barbara Ritzenthaler Professor in Economics and the College at the Kenneth C. Griffin Department of Economics at the University of Chicago.

Telser Chosen for Bancroft Library Oral History Project in Science, Technology, and Medicine

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Prof. Lester Telser (PhD '56) has been selected for the Bancroft Library's Oral History Project in Science, Technology, and Medicine with 20 hours of interview video, Beyond Conventions in Economics. The Bancroft Library at the University of California at Berkeley states "Dr. Telser’s life work is the theory of the core, a variant of game theory that involves coalitions of agents as opposed to individuals working to maximize their advantage. He used sophisticated mathematics to study why and how certain forms of markets are organized without appeals to more established concepts in economics. As both a student and colleague at the Chicago Economics department and as a fellow at both the Cowles Commission and the Cowles Foundation, Telser is a key witness to the transformation of the field of economics after World War II." Telser is Professor Emeritus in Economics and the College at the Kenneth C. Griffin Department of Economics at the University of Chicago. (Photo courtesy of Leena Schwartz)

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