Daniel Altman / Concerning debt, how and why you borrow matters - pressofAtlanticCity.com: Commentary

Daniel Altman / Concerning debt, how and why you borrow matters - pressofAtlanticCity.com: Commentary

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Daniel Altman / Concerning debt, how and why you borrow matters

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Posted: Saturday, January 19, 2013 12:01 am

Debates about government debt, whether in the United States or elsewhere, have been missing one fundamental point: The composition of debt and spending matters as much as the size. This is such a basic notion, yet it seems to have eluded many of the politicians, pundits and credit-raters who have been obsessing about debt.

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