Antony Davies’ Sobering Federal Debt Summary

Lynne Kiesling

While we’re at Learn Liberty, and in light of today’s Congressional Republican federal government budget proposal, here’s economist Antony Davies on the implications of our government’s indebtedness.

When we covered this in my intro macro class this winter, it was sobering for my 18-20-year old students to realize that they are the people who will bear the costs of this debt burden.