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home / news releases / AFMC - National 'Debt' Issue Needs More And More Attention

AFMC - National 'Debt' Issue Needs More And More Attention

First Trust Active Factor Mid Cap ETF

2024-05-01 12:00:48 ET

Summary

  • Kenneth Rogoff warns against "magical debt thinking" and calls for developed countries to rebuild fiscal buffers and ensure debt sustainability.
  • Too much government debt can slow down economic growth and disproportionately harm low- and middle-income citizens.
  • Debt-financed government spending may have short-term benefits, but in the long run, it leads to more pain than good.

Kenneth Rogoff refers to it as " Magical Debt Thinking."

Mr. Rogoff defines magical debt thinking as the belief that "the potential benefits of using debt to finance government spending far outweigh any associated costs."...

For further details see:

National 'Debt' Issue Needs More And More Attention
Stock Information
Company Name: First Trust Active Factor Mid Cap ETF
Stock Symbol: AFMC
Market: NASDAQ
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