Question: What is the difference between Internal and External Debt, and which do we need to be more concerned about? Why is this the case? Consider
- What is the difference between Internal and External Debt, and which do we need to be more concerned about? Why is this the case?
- Consider the quoted excerpt from chapter 31 in your textbook: "But there are limits, and at some point, the United States will reach a tipping point...."
-What is the "tipping point" that the author is referring to, and why wouldn't the Fed be able to solve the problem that is identified in this statement?


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