About this document

2009-08-18 NYT - The Greenback Effect by Michael Benzinger is a document available to read on EtoBox.

The US government is issuing large amounts of debt to finance budget deficits, which could cause a loss of confidence in the US dollar and lead to high inflation if not addressed. The deficits are unprecedented compared to historical levels and more debt will need to be financed by printing money if not reduced. Unchecked debt growth risks damaging the US economy long term.

Author

Michael Benzinger

Language

EN