Friday Interview: Negative Economic Impacts of Overly Large Debt

RALEIGH — The federal debt has grown substantially in recent years. Some observers wonder whether that debt could have a long-term negative impact on the American economy. Thomas Grennes, professor of economics at North Carolina State University, says recent research suggests an answer: Beyond a certain threshold, government debt slows economic growth. Grennes discussed the topic with the John Locke Foundation’s Shaftesbury Society and with Mitch Kokai for Carolina Journal Radio.