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Is America's National Debt Like a Mortgage or a Credit Card? Justin Wolfers Explains
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A mortgage is usually manageable because there's an asset attached: a home. Public debt can work the same way if it finances investments that raise future incomes.
About Justin Wolfers
Justin James Michael Wolfers (born December 11, 1972) is an Australian-American economist and public policy scholar. He is professor of economics and public policy at the Gerald R. Ford School of Public Policy at the University of Michigan, and a senior fellow at the Peterson Institute for International Economics.
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