Commentary
Many economic commentators are of the view that the high level of debt poses a threat to the U.S. economy. The debt-to-GDP ratio stood at 345.7 in Q3 2024 against 130.4 in Q1 1952 (see chart).
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Frank Shostak
Author
Frank Shostak, Ph.D., is an associated scholar of the Mises Institute. His consulting firm, Applied Austrian School Economics, provides in-depth assessments and reports of financial markets and global economies. He has taught at the University of Pretoria and the Graduate Business School at Witwatersrand University.
