AUTHOR'S BIO
Mario Margiocco
Mario Margiocco’s most recent book is "Il disastro americano. Riuscirà Obama a cambiare Wall Street e Washington?" (The American Disaster: Will Obama Change Wall Street and Washington?)
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Debt and America’s Decline
Mario Margiocco Series: Frontiers of Growth 2010-08-17America’s Great Power status has always been tied to its level of public debt, which has now reached roughly 140% of GDP. The problem for the world economy is that there is no newly emerging Great Power that can assume responsibility for global finance, as the US did in 1914.... read Comments: 0 Recommended: 1 Read: 20769
