Galbraith on federal debt sustainability

Is The Federal Debt Unsustainable? By Professor James K. Galbraith Excerpt A more prosaic problem with the runaway-inflation scenario is that the “nonpartisan, professional” economic forecasters of the Congressional Budget Office (CBO), whose work is often cited as the benchmark proof of an “unsustainable path,” do not expect it to happen. The CBO baseline resolutely asserts that inflation [...]