Top economist Paul Krugman says the US economy is growing too fast to spiral into a debt crisis

Mon, 08/07/2023 - 10:09

Tech Insider

Economy

• The US won't spiral into a debt crisis anytime soon, Paul Krugman says.
• That's because economic growth is larger than the interest rate on government debt.
• Some research suggests the government's debt levels may not matter at all, the top economist said.

The US isn't spiraling into a debt crisis because it's growing too fast, according to Nobel laureate Paul Krugman.

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Markets, economy, MI Exclusive, Paul Krugman, NYT, US Economy and Markets, US Debt, Debt Crisis, Interest Rates, Economic Growth, fitch downgrade, US Credit Rating, Fitch Ratings

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Top economist Paul Krugman says the US economy is growing too fast to spiral in…