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A thought experiment on how to fix the national debt problem

25 min episode · 2 min read
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Episode

25 min

Read time

2 min

Topics

Psychology & Behavior, Science & Discovery

AI-Generated Summary

Key Takeaways

  • Can economic growth solve America's debt crisis without raising taxes?
  • Which government policies most effectively stimulate long-term economic growth?
  • How did the US manage similar debt levels after World War Two?

What It Covers

Three economists examine whether accelerating economic growth through tax cuts, infrastructure spending, immigration reform, and housing policy could help reduce America's $30 trillion national debt burden.

Key Questions Answered

  • Can economic growth solve America's debt crisis without raising taxes?
  • Which government policies most effectively stimulate long-term economic growth?
  • How did the US manage similar debt levels after World War Two?

Notable Moment

Budget analyst Doug Elmendorf compares smart deficit reduction to avoiding selling your car when in debt, since you need transportation to earn money for repayment.

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