"Growth in a Time of Debt"

"Growth in a Time of Debt," by Carmen Reinhart and Kenneth Rogoff, examines how countries can sustain economic growth while managing high levels of debt. The authors analyze historical patterns showing that when a nation's debt reaches certain thresholds, it can hinder growth, making it harder to pay off debt and invest in future expansion. However, they also find that under specific conditions, countries can grow despite high debt levels. The book emphasizes the importance of prudent fiscal policy, responsible borrowing, and understanding the limits of debt to ensure long-term economic stability and development.