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Grade 9-12
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Making Sen$e with Paul Solman: America’s Historical Struggle With Debt and the Role of Federal Government

Updated: December 12 2012,
Author: barrel jason
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Concepts

Aggregate Demand, Budget Deficit, Budget Deficits and Public Debt, Business Cycles, Fiscal Policy
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Between paying now or paying later, Americans have just about always preferred debt to taxes. Paul Solman talks to Simon Johnson of the MIT Sloan School of Management about his new book “White House Burning,” which chronicles the history — including the whys and whererfores, virtues and vices — of U.S. debt.

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