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Economics and Politics by Paul Krugman – NYTimes.com

April 5th, 2013 · No Comments

Because US assets are higher-yielding although riskier than US liabilities, we still earn more from our investments than we pay on our liabilities. In the aggregate, America is a bit like a hedge fund that borrows to make risky investments; that’s arguably not a good thing, but it’s not a story of living beyond our means.

via Economics and Politics by Paul Krugman

Tags: Public sector deficits and debts