“Of Debt and Deficits and the Dollar System”, Scholar James Galbraith for The Nation

“By force of preset agendas, conservatives and liberals react to debt headlines like Pavlov’s dogs. For one side, it’s about Social Security and Medicare. For the other, it’s about making the wealthy pay… Neither has to do with the so-called problem of the federal debt.”

Levy Scholar, James Galbraith, explains why the $40 trillion federal debt may not be as unsustainable as it sounds.

 

Read at The Nation