Date of Original Version



Response or Comment

Abstract or Description

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?



Published In

Debt, Financial Stability, and Public Policy, Proceedings of Symposium, Federal Reserve Bank of Kansas City.