In books, there are golden houses, in books, there are beauties like jade!🧐

Today I saw Mankiw's "Principles of Macroeconomics," which includes an excerpt of a prediction Mankiw made in 2011, a prophecy written 15 years ago, explicitly stating that the date of the crisis would be 2026.

Comparing to now, 2026, it seems to hit the mark:

🟡 The U.S. federal government debt has surpassed $38.8 trillion, accounting for 122% of U.S. GDP

🟡 Debt held internally by the government: approximately $7.59 trillion, about 19.5% of total debt, which is money owed to itself.

🟡 Public debt stands at $31 trillion, owed to domestic and foreign investors, among which over $9 trillion is owed to foreign investors, accounting for 24%.

If the U.S. cannot resolve its own debt issues this time, Mankiw predicts there could be enormous social unrest and a financial crisis!🧐

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