October 21, 2011

Too much debt - or too little debt

The US debt crises continues - but according to a recent published article, the US avoided another crises a couple of years ago - the US no-debt crises. According to the report "Life After Debt," published in 2000, the US could have paid of its debt by 2012 - that is the next year.

Source: npr.org
The problem with having no debt at all is that no one can buy US Treasury bonds and the world is dependent on these bond because they are safe - or they used to be safe anyway.

Source: npr.org