Why US Debt Is Unsustainable and Destroying the Middle Class

Why US Debt Is Unsustainable and Destroying the Middle Class
The Treasury Department in Washington, on March 25, 2024. Madalina Vasiliu/The Epoch Times
Daniel Lacalle
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Commentary

In a recent social media post, a talented financial analyst and investor said: “The ‘debt is unsustainable’ narrative has been around for 40 years plus. What’s astonishing to me is how the people who push this narrative never ask themselves, ‘Why has it been sustainable for so long?’”

Daniel Lacalle
Daniel Lacalle
Author
Daniel Lacalle, Ph.D., is chief economist at hedge fund Tressis and author of the bestselling books “Freedom or Equality” (2020), “Escape from the Central Bank Trap” (2017), “The Energy World Is Flat”​ (2015), and “Life in the Financial Markets.”