Does the National Debt Matter?

The U.S national debt has increased 400% in 12 years, while over the same period, national income has grown by only 30%. David Andolfatto, Senior Vice President, Federal Reserve Bank of St. Louis, discusses whether this fiscal situation is sustainable. Image courtesy of David Andolfatto/Federal Reserve Bank of St. Louis.

Image courtesy of interviewee. July 6, 2021

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