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Carmen M. Reinhart discusses how history teaches that large public and private debt impedes economic growth, a lesson that the United States must heed in the years ahead.
RELATED PUBLICATIONS
Congressional Testimony:
Lifting the Crushing Burden of Debt
Testimony before the hearing "Lifting the Crushing Burden of Debt" of the US House of Representatives Committee on the Budget
March 10, 2011
RELATED INTERVIEWS
Is Austerity Being Reconsidered in Europe? May 1, 2013
Elusive Consensus at IMF Spring Meetings: Part II April 26, 2013
Reinhart, Rogoff, Research, and Replication April 25, 2013
Elusive Consensus at IMF Spring Meetings: Part I April 25, 2013
Germany's 'Self-Defeating' Policies Toward Southern Europe March 29, 2013
A 'Crisis of Stupidity' in Europe? Part I March 20, 2013
A 'Crisis of Stupidity' in Europe? Part II March 20, 2013
European Fumble in Cyprus? March 19, 2013
Risky Repercussions from Cyprus: Another View March 13, 2013
Risky Repercussions from Cyprus March 12, 2013