Policymakers need better ways to gauge fiscal risk. In a new report, @dsmitch28.bsky.social and @austinclemens2.bsky.social show how a debt‑to‑wealth measure can help guide decisions toward strategic, growth‑oriented public investment rather than broad austerity. equitablegrowth.org/research-pap...
The debt-to-wealth ratio: A missing lens on the U.S. government's fiscal capacityWhy scaling the national debt by what the country owns—not just what it earns in a year—reshapes the debate over how much we owe and who could help pay it down.equitablegrowth.org