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.

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