The real problem underlying government debt crises is not the debt itself but unfunded entitlements and spending plans driven by aging populations that don't add up mathematically.
causalpending
Speaker
John CochraneEvidence Quote
“the real problem is not the debt itself, it is those spending plans, primarily driven by entitlements to an aging population, that don't add up”
Created: 8/12/2026, 6:10:20 PM
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