• Nobel economist Paul Krugman says we're not in a debt crisis, but the US could still be facing a lot of economic problems in a few years

    12 days ago - By Business Insider

    Nobel-winning economist Paul Krugman Jeff Zelevansky/Getty Images
    The US isn't in a debt crisis, but it'll soon be facing the problem of its $31 trillion debt, Paul Krugman said.
    The debt was taken on to prop up the economy in tough times, and was often needed to avoid a severe recession.
    But the economy could have "a lot" of problems if tries to pay off that balance in a low-interest rate environment, he warned.
    The US not in a debt crisis, but the country could still be facing a lot of economic problems when it tries to pay off the huge amount of debt its accumulated over the years...
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