America’s next shock may be debt, not oil
From 1988 to 2000, each new dollar of US economic output was accompanied by $3.19 in new debt. So now, for the first time, the debt-to-GDP ratio stands at more than 2 to 1.
September 5, 2004
Insight and inspiration in turbulent times.
Resilience is a program of the nonprofit organization Post Carbon Institute.