Stock of Debt Held by US Public Has Tripled Over the Last Decade & Other Misleading Information
Stock of Debt Held by US Public Has Tripled Over the Last Decade & Other Misleading Information My title was the heading of Figure 19 in something from Deutsche Bank that has John Cochrane all stressed out over a pending debt crisis again. This graph is gorgeous. US deficits have, historically, been driven overwhelmingly by the state of the […]