There is a lack of&nbsp;buyers for&nbsp;US Treasury debt. Rating agencies have recently downgraded the US debt, and entitlement benefits’&nbsp;“trust funds”&nbsp;will go into the red in a few years. The classical economists offer&nbsp;few answers to the depth of this problem.&nbsp;

Original Article:&nbsp;<a href="https://mises.org/wire/can-classical-economics-explain-approaching-fiscal-disaster" target="_blank">Can Classical Economics Explain the Approaching Fiscal Disaster?</a>

There is a lack of buyers for US Treasury debt. Rating agencies have recently downgraded the US debt, and entitlement benefits’ “trust funds” will go into the red in a few years. The classical economists offer few answers to the depth of this problem.{ai:summary}<p>US Treasury debt lacks buyers due to recent downgrades by rating agencies. Entitlement benefits face future budget deficits. #economy</p>

Can Classical Economics Explain the Approaching Fiscal Disaster?

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