Commentary on 4'Increasing Indebtedness and Financial Stability in the United States"

1966-01-01T00:00:00Z (GMT) by Allan Meltzer

Benjamin Friedman's paper considers some recently popular questions among regulators and some parts of the financial community. When measured against some appropriate benchmark, is the aggregate debt in the United States rising too fast? Does the recent growth of debt pose a problem for monetary policy? What could, or should, be done?