What Does History Reveal about Reducing the National Debt Burden?

YiLi Chien and Ashley Stewart

On the Economy from Federal Reserve Bank of St. Louis

Abstract: A look at the U.S. national debt since World War II reveals that economic growth and fiscal austerity (i.e., spending cuts and raising taxes) are two of the ways to reduce the debt burden.

Keywords: national debt; fiscal austerity (search for similar items in EconPapers)
Date: 2023-04-06
New Economics Papers: this item is included in nep-fdg and nep-his
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