How will the US service its debt?
Brad De Long
delong at econ.Berkeley.EDU
Wed Apr 19 19:31:28 PDT 2000
>
>Current account surpluses are cool as long as the countries running the
>deficit are more or less good for the money. Do you seriously think the US
>will *ever* run the 1-2% of GDP surplus it needs just to service its foreign
>debt? What the hell are they going to export?
>
Presumably the same stuff the U.S. exported in February--$84 billion
of it--only more so...
Brad DeLong
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