How does John Tamny view the national debt?

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Expert Solution

National debt is basically when government budget is coming out to be in deficit for constant years . Then that continuous deficit turns out to be debt .

According to John Tamny , he says that national debt is a long run phenomina , national debt doesn't harm the economy in short run but in long run and for future generations it is a dangerous for the economy and country too . The burden of these debt have to be faced by future generations .

Moreover he added that large increase of debt would compell the government also to rise the taxes which will also be bear by people of the country in the future.

Rahul Sunny answered 1 year ago

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