On the recordSeptember 13, 2016
What is unsustainable eventually isn't sustained. And the question is, how does it blow up?
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congress.govEditor's note · Context
Cochrane discusses the consequences of unsustainable debt.
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More from John H. Cochrane
Sep 13, 2016
If it leads to a debt crisis where suddenly interest rates spike, the U.S. needs to borrow, and bond markets say 'no,' it looks a lot like Greece.
Feb 12, 2013
You cannot have spending increase at 6 percent a year while the economy is growing at 2 and 3 percent a year.
Feb 12, 2013
We are not now going to raise taxes in order to increase spending above the baseline.
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